You may have noticed that insuring your car has gotten insanely expensive. It isn’t just happening in the U.S., and it isn’t all about used-car prices either.
Tag: auto insurance rates
Allstate Hikes Auto Insurance Prices by 30% in California
Allstate customers in the Golden State will have to pay more to insure their vehicles with the company.
Social Inflation Causing Auto, Home Insurance Rates to Jump
Consumers aren’t likely to see their insurance rates go down this year, according to a Morgan Stanley report. The last few years have been rocky ones for the insurance industry. Social inflation rose higher than traditional economic inflation.
Auto Insurance Rates in 2024 Jump 26% Across the U.S., Report Says
Motorists across the country are feeling the pinch as car insurance premiums continue to rise, according to a new report.
California Regulators Grant Auto Rate Hikes Up to 31%; 75 Requests Still Pending
California regulators are approving strong private passenger automobile insurance rate increases, with a significant number in the 21% to 31% range.
U.S. Private Auto Insurance Rates See Double-Digit Jump in 2023
The year-to-date nationwide average increase for private auto insurance is 11.0% through Aug. 18, 2023, according to S&P Global Market Intelligence’s RateWatch application.
IRC: U.S. Auto Claim Severity Surged During Pandemic
While U.S. auto claim frequency has declined over the past 20 years, claim severity increased and then surged since the global pandemic began in 2020, according to a newly published report from the Insurance Research Council (IRC), a division of The Institutes.
Car Insurance Rates Are Soaring with Little Relief in Sight
A 40% increase by Allstate in Georgia, a 32% rise sought by Nationwide Mutual Insurance in California, an 11% bump by State Farm in New York. Insurers are imposing steep increases on auto insurance rates,
Auto Insurance Rates Are Soaring with Little Relief in Sight
A 40% increase by Allstate in Georgia, a 32% rise sought by Nationwide Mutual Insurance in California, an 11% bump by State Farm in New York. Insurers are imposing steep increases on auto insurance rates, with state regulators doing little to stop them.
Auto Insurance Customer Satisfaction Plummets as Rates Continue to Surge, J.D. Power Finds
Overall customer satisfaction with auto insurance providers is 822, down from 834 a year ago. The decline is driven by a 25-point decrease in customer satisfaction with the price of their policies.