Louisiana Insurance Commissioner Tim Temple has finalized rate decreases from two Allstate group companies on their private passenger auto insurance programs, extending a string of reductions from the insurer that now total double digit percentages over the past six months. The latest round of rate cuts from the Allstate subsidiaries adds to a broader pattern […]
Florida’s Top 5 Auto Insurance Groups Indicate Average 8% Rate Decrease for 2026
Insurance commissioner credits legislative reform for reductions. Florida’s five largest auto insurance groups are indicating an average rate decrease of 8% for 2026, Florida Insurance Commissioner Mike Yaworsky announced March 5. The five groups — Progressive, Berkshire Hathaway (GEICO), State Farm, Allstate and USAA — collectively represent 78% of Florida’s auto insurance market. One of […]
New York Auto Insurance Premiums Hit $1,935 Average in 2024
Auto repair cost in the state ranked third highest in U.S. New York drivers paid an average of $1,935 for personal auto insurance in 2024, making it the fourth-most expensive state in the nation and representing a record high for New York, according to a new report from the Insurance Information Institute. The average premium […]
New York Governor Proposes Auto Insurance Reforms to Address Fraud, High Premiums
New York Governor Kathy Hochul unveiled proposals Jan. 22 to reduce auto insurance costs in New York through measures targeting fraud and reforming liability laws. New York residents pay an average of $4,000 annually for car insurance, approximately $1,500 above the national average, according to state data. Insurance carriers reported 38,270 incidents of suspected motor […]
Florida Auto Insurers Cut Rates as State Officials Credit Legal Reforms
Top five insurance companies continue to reduce rates following recent 6.5% reduction across 78% of the auto insurance marketplace. Florida Insurance Commissioner Mike Yaworsky said the state’s auto insurance market continues to see rate reductions from major carriers, which he attributed to legal reforms enacted over the past two years. Yaworsky recently announced that the […]
Sony Honda Mobility AFEELA Insurance Program to Offer Seamless Customer Experience Through Partner Network
Crash Champions is AFEELA partner for collision repair and maintenance services. Sony Honda Mobility of America Inc. (SHMA) announced its AFEELA Insurance provided by MOTER Technologies, Inc., a licensed insurance agency, will offer a seamless incident-to-claim experience for future AFEELA customers supported by its partner network. AFEELA Insurance partners/services include: Urgently: roadside assistance for vehicle […]
Auto Insurance Shopping Growth Slows but Remains Strong in Q3
As consumer seek new carriers, nearly one-third of rate filings in the third quarter were for lower premiums. Auto insurance shopping grew 6.4% year-over-year in the third quarter, marking a slowdown from earlier in 2025 but continuing a trend of elevated consumer activity, according to LexisNexis Risk Solutions’ quarterly Insurance Demand Meter. New policy growth […]
State Farm Partners with Volvo to Offer Insurance During Vehicle Purchase
State Farm and Volvo Car Financial Services announced a partnership Oct. 8 that will allow Volvo customers to obtain car insurance quotes while shopping for vehicles. The collaboration integrates insurance options into the vehicle purchase process at Volvo dealerships nationwide, connecting buyers with State Farm agents during the shopping experience. “Making insurance straightforward and simple […]
California Threatens to Suspend Tesla Insurance Operations
Insurance Commissioner initiates enforcement actions over claims handling violations. The California Department of Insurance has issued enforcement actions against Tesla Insurance Services, Tesla Insurance Company and State National Insurance Company, alleging the companies repeatedly failed to properly handle hundreds of policyholder claims. The actions could result in the companies losing their ability to transact insurance […]
US Personal Auto Insurance Segment Sustains Underwriting Turnaround Into 2025
First half direct loss ratio improved over 2024 even as average claim is up more than 10% from 2024. U.S. personal auto insurers saw the segment’s first-half 2025 direct loss ratio fall again from the same two previous six-month periods, indicating that the significant rebound experienced in 2024 may carry over through 2025, according to […]
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