WASHINGTON, Feb. 26 /U.S. Newswire/ — Following is the daily “Profile America” feature for Feb. 27 from the U.S. Census Bureau:
MONDAY, FEB. 27: CAR INSURANCE
Profile America – Monday, Feb. 27. Automobile insurance is both required and a major item in the budget of most households. The idea of insuring cars against accidents began this month in 1898 when the Traveler’s Insurance Company issued a policy to Dr. Truman Martin of Buffalo. His policy cost $12.25 and gave him $5,000 in coverage. Martin was chiefly concerned about accidents between his automobile — one of only 4,000 in the entire country at the time — and horses, which numbered about 20 million. Now, cars and trucks outnumber horses 231 million to just over nine million. The average car costs its owner $774 a year to insure. Find these and more facts about America from the U.S. Census Bureau on the Web at http:/ /www.census.gov.
Profile America is produced by the Public Information Office of the U.S. Census Bureau. These daily features are available as produced segments ready to air on a monthly CD or on Internet at http://www.census.gov (look under the “Newsroom” button). For further information, contact Rick Reed at 301-763-2812, fax at 301- 457-3670, or e-mail at rreed(At)census.gov.