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Allstate Announces Auto Rate Increases of Over 11% in 12 Markets

July 21, 2023 By CollisionWeek Editor

National General brand auto rates also increasing. Announces $1 billion in catastrophe losses for June. The Allstate Corporation (NYSE: ALL) yesterday announced that during the month of June, the Allstate brand implemented auto rate increases of 11.6% across 12 locations, resulting in total brand premium impact of 2.6%. In addition, Allstate reported National General brand […]

Filed Under: News Tagged With: Allstate, National General, Premiums

Allstate Announces April Implemented Auto Rate Increases of 9.3% Across 15 Locations

June 16, 2023 By CollisionWeek Editor

Rate increases since the beginning of the year expected to raise written premiums by $1.28 billion. The Allstate Corporation (NYSE: ALL) announced that during the month of May, the Allstate brand implemented auto rate increases were of 9.3% across 15 locations, resulting in total brand premium impact of 1.6%. “Allstate continued to implement significant auto […]

Filed Under: News Tagged With: Allstate, Premiums

Allstate Announces April Implemented Auto Rate Increases of 8.6% in 13 Locations

May 18, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Allstate, Net Written Premiums, Premiums

Allstate Reports Auto Rate Increases of 7.6% in 10 Markets During March

April 21, 2023 By CollisionWeek Editor

The Allstate Corporation (NYSE: ALL) announced its catastrophe losses, implemented auto insurance rate increases and reserve reestimates for March and first quarter 2023. Allstate was the fourth largest private passenger auto insurance company in 2022 based upon direct premiums written. Estimated catastrophe losses for the month of March of $1.17 billion or $927 million, after-tax. […]

Filed Under: News Tagged With: Allstate, Premiums

Consumer Group Concerned California Insurance Commissioner Approved Over $1 Billion in Auto Insurance Rate Hikes

March 23, 2023 By CollisionWeek Editor

Consumer Watchdog says Insurance Commissioner Lara’s approval last week of a $263.7 million rate hike by California’s largest insurer, State Farm, marks the latest in a flurry of approvals of unjustified 2023 auto insurance rate hikes by the top 6 auto insurers, collectively totaling over $1 billion. These companies insure approximately 48% of the state’s […]

Filed Under: News Tagged With: Auto Insurance, California, Insurance Commissioner, Premiums

North Carolina Rate Bureau Requests 28.4% Auto Insurance Rate Increase

February 10, 2023 By CollisionWeek Editor

Insurance Commissioner Mike Causey announced that the North Carolina Rate Bureau has submitted a rate filing with the N.C. Department of Insurance, requesting an increase for auto policies. In the filing, the bureau has requested an overall average statewide increase in private passenger auto insurance rates of 28.4 percent, which would become effective on October […]

Filed Under: News Tagged With: Insurance Commissioner, North Carolina, Premiums

Allstate Projects Auto Insurance Rate Increases Will Raise Written Premiums Nearly 17%

January 19, 2023 By CollisionWeek Editor

Auto claims frequency continues to increase but remains below 2019 levels. The Allstate Corporation (NYSE: ALL) announced preliminary results for the fourth quarter of 2022, with an estimated net loss between $285 million and $335 million and estimated adjusted net loss between $335 million and $385 million. Premiums written increased 11.4% from fourth quarter of […]

Filed Under: News Tagged With: Allstate, Claim Frequency, Claim Severity, Premiums

Americans Will Pay 16% More for Auto Insurance by the End of 2023

December 8, 2022 By CollisionWeek Editor

According to Insurify report, after a 9% increase in 2022, prices are projected to rise another 7% by the end of next year. The average American driver will pay nearly $1,900 for car insurance in 2023, as insurance rates continue to rise across the country. This is according to the Insurify 2022 Auto Insurance Trends […]

Filed Under: News Tagged With: Auto Insurance, Electric Vehicles, Inflation, Insurify, Premiums

Allstate Receives Private Passenger Auto Physical Damage Rate Increase in California

November 14, 2022 By CollisionWeek Editor

The increase is the first for Allstate in nearly five years and first for the industry in more than two years since the start of the pandemic. On October 30, the California Department of Insurance (CDI) approved Allstate’s request for a 6.9% increase in its personal auto liability and physical damage rates. The CDI has […]

Filed Under: News Tagged With: Allstate, GEICO, Premiums, Progressive, S&P Global, State Farm

Allstate-Brand Auto Rates Raised 8.9% Across Six Markets

August 18, 2022 By CollisionWeek Editor

Georgia Insurance Commissioner warns of 25% Allstate rate increase coming in September. The Allstate Corporation (NYSE: ALL) provided an update on catastrophe losses and its ongoing program to raise auto insurance rates to address rising costs during July. “Allstate will continue to implement significant rate actions in the second half of 2022 in response to […]

Filed Under: News Tagged With: Allstate, Georgia, Insurance Commissioner, legislation, Premiums

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