Clark reads many newspapers each day, and he’s seen a pattern in stories over the past few weeks. First of all, auto insurance rates are going down at many companies. For example, State Farm, the country’s largest insurer is cutting rates by up to 23 percent in some states. Safeco is cutting rates by 20 percent and Farmer’s is knocking 15 percent off its rates. In addition, homeowner’s insurance rates are dropping, too. Insurance companies are moving into what’s called a “market share” cycle, when consumers benefit from insurance companies competing with each other. At the same time, teens are getting involved in fewer accidents because states have enacted graduated license laws. So, there will be much better opportunities to save on auto and homeowner’s insurance, so shop around!