California is the only state to see auto insurance rates drop

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The Consumer Federation of America released a report that says, in the past 25 years, auto insurance rates have increased an average by 43 percent. Rates in some states even doubled. However, California is the only state where the rates dropped during that time period.

Researchers attribute California's success to Proposition passed in 1988. Prop 30 reformed the auto insurance industry in California.The study indicates it helped saved more than $100 billion for Californian drivers, which is equivalent to an average annual savings of $345 per household over the past 25 years.

The report estimates that if every state adopts similar regulatory measures as California, Americans could save $350 billion over the next decade. That would be a ten-year saving of $3000 dollars per household.