Rate increases since the beginning of the year expected to raise written premiums by $862 million. The Allstate Corporation (NYSE: ALL) announced that during the month of April, the Allstate brand implemented auto rate increases were 8.6% across 13 locations, resulting in total brand premium impact of 1.6%. “Allstate continued to implement significant auto insurance […]
Progressive Reports Personal Auto Policies in Force Grew 13% in April
Total personal auto policies in force exceeded 19.5 million. The Progressive Corporation (NYSE:PGR) reported its total personal auto insurance policies in force were 19,528,200 in April, an increase of 13% from April 2022. Agency personal auto insurance policies were 8,337,100, up 8% from 2022 and direct policies in force were 11,191,100, up 17% versus April […]
Private Passenger Auto Insurance Market by State in 2021
The latest report on the U.S. private passenger auto insurance market from the NAIC details the top 10 insurers in each state as well as the size of each market overall. Data from the National Association of Insurance Commissioners (NAIC) provides a detailed view on the size and scope of the private passenger auto insurance […]
Collision and Comprehensive Net Written Premiums in 2018 Grew at Highest Level in Nearly 20 Years
In 2018, combined collision and comprehensive premiums written in the U.S. grew at levels not seen in decades. According to data published by the Insurance Information Institute, private passenger automobile insurance collision and comprehensive coverage premiums in 2018 were up at the highest level since 1999. Net Written Premiums in 2018 for private passenger collision […]