auto insurance rates News

Donelon Re-Elected to Louisiana Insurance Commissioner Post

Louisiana voters have re-elected Jim Donelon to the post of insurance commissioner, an office he has held since 2006. In the election held on Oct. 12, Donelon received 53.5% of the statewide vote, compared with 46.5% of the vote for …

Ohio Home, Auto Insurance Rates Remain Below National Average, Department Says

Home and auto insurance rates continue to run well below the national average, according to Ohio Department of Insurance Director Jillian Froment. Data from the top 10 insurance groups in the state show that in Ohio the average homeowners insurance …

Donelon: Louisiana Auto Insurance Rate Hikes Lower This Year

Louisiana’s insurance commissioner says the state’s auto insurance market may be stabilizing, with a smaller rise in premiums expected this year compared with prior years. Insurance Commissioner Jim Donelon says Louisiana’s auto market has seen a 2.1 percent average increase …

State Farm to Cut Auto Rates in Penn.

State Farm Mutual Automobile Insurance Company plans to cut its rates in Pennsylvania. The total state-wide expected impact of this rate change for State Farm Mutual in Pennsylvania is approximately $49.5 million, set to affect approximately 1.7 million policyholders. As …

Progressive is the Latest to Comply with New York Auto Insurance Rate Regulation

A fourth major auto insurance company in New York has reached a compliance agreement with the New York Department of Financial Services (DFS) regarding DFS’ final regulation against discriminatory auto insurance rates. Progressive has informed Financial Services Superintendent Maria T. …

N.Y. Finalizes Regulation to Protect Drivers from Unfair Auto Insurance Rates

The New York Department of Financial Services (DFS) has finalized a regulation that protects New York drivers from unfairly discriminatory auto insurance rates and has already reached agreements with two major insurers regarding the regulation. Liberty Mutual and Allstate have …

Home, Auto Insurance Rates Rose Slightly in Ohio in 2016

Ohio Department of Insurance Director Jillian Froment says that the average rates in 2016 for the top 10 homeowners and private passenger auto insurance groups in Ohio increased 1.9 percent and 3.1 percent, respectively. Ohioans pay among the lowest average …

Technology Being Blamed for Driving Up Massachusetts Car Insurance Rates

Auto insurance rates in Massachusetts are on the rise and technology is to blame. Industry experts tell The Boston Globe that drivers distracted by smartphones are crashing more often and those cars are now more expensive to repair because they’re …

Pennsylvania Helps High School Students Better Understand Auto Insurance

Pennsylvania education secretary Pedro Rivera and Insurance Commissioner Teresa Miller are focusing on helping high school students better understand car insurance. An interactive lesson titled “Insurance 101” was recently debuted for educators and students at Central Dauphin East High School …

Regulators: Auto Insurance Rates Continue Downward Trend in Missouri

Auto insurance premiums have declined significantly since 2000, according to figures released by the Missouri Department of Insurance. The average annual cost for full coverage peaked in 2003 at $740 — it dipped to $726 in 2013. In inflation-adjusted dollars, …