Allstate was not the first and won’t be the last. When rates are going down is not the time to pop your existing customers with a rate increase. Overall in Texas Fire and Auto rates are actually down slightly. Hello Allstate!
Allstate Lloyds is closed to new business anyway. The new policies are being written in Allstate Fire & Casualty, and those rates are lower than Lloyds. Allstate is trying to get everyone to convert to AFCIC.
Even though I don’t particularly like the fact that the Big 3 have a stronghold on Texas consumers, the TDI should let the market determine the rates. If enough customers get upset with Allstate’s pricing and restrictions, which are tantamount to redlining, then maybe their customers will shop and save with another company, thereby reducing Allstate’s marketshare.
Allstate was not the first and won’t be the last. When rates are going down is not the time to pop your existing customers with a rate increase. Overall in Texas Fire and Auto rates are actually down slightly. Hello Allstate!
Allstate Lloyds is closed to new business anyway. The new policies are being written in Allstate Fire & Casualty, and those rates are lower than Lloyds. Allstate is trying to get everyone to convert to AFCIC.
Even though I don’t particularly like the fact that the Big 3 have a stronghold on Texas consumers, the TDI should let the market determine the rates. If enough customers get upset with Allstate’s pricing and restrictions, which are tantamount to redlining, then maybe their customers will shop and save with another company, thereby reducing Allstate’s marketshare.