auto insurance rates News

Georgia Lawmakers Flip the Script on Use-and-File for Auto Rate Increases

Georgia lawmakers have approved a bill that, if signed into law, would end the longstanding “use-and-file” mechanism on auto insurance rate filings in the state. The state Senate last week voted 49-2 in favor of House Bill 221, a measure …

State Farm Will Start Hiking Auto Rates, Allstate CEO Predicts

Allstate’s chief executive officer said his company will likely continue pushing for auto insurance rate hikes next year, and he expects the carrier’s largest mutual competitor—State Farm—to move in the same direction. Speaking at the Goldman Sachs 2022 U.S. Financial …

UK Car Insurance Premiums Reached 18-Month High in 1st Quarter: Survey

The cost of a comprehensive car insurance policy in Britain touched an 18-month high in the first quarter and will continue to increase on the back of rising inflation and regulatory changes, a survey showed on Thursday. UK motorists now …

Delaware Regulator Urges Ban on Gender-Based Auto Insurance Rating

The Delaware Insurance Department has issued a report critical of the use of gender in auto insurance rating and concluding that the state should end the practice as six other states have done. The report found that several of the …

UK Car Insurance Premiums Expected to Be Volatile in 2022: Survey

The cost of a comprehensive car insurance policy in Britain is expected to be volatile this year, after rising 5% in the final quarter of 2021 as more drivers took to roads on easing COVID-19 curbs, a survey showed on …

Southern States Mean Highest Auto Rates

Four Southern states have some of the least affordable automobile insurance rates in the country, according to a recently published affordability index by the Insurance Research Council (IRC). The index measures the proportion of household income used to pay for …

Study: Louisiana Auto Insurance Least Affordable in Nation

Louisiana has the least affordable auto insurance in the United States according to a recently published affordability index by Insurance Research Council (IRC). IRC’s affordability index measures the proportion of household income used to pay for auto insurance. IRC used …

Personal Auto Insurance Rates Fall Across the County: Value Penguin

Auto insurance rates are falling across the country an average 1.7 percent, with drivers in Michigan, Ohio, Kentucky, Arkansas and Louisiana seeing the biggest drops of more than 4 percent. This is the first time rate have fallen across the …

Legislation to Limit Car Accident Claims Advances in Louisiana

Louisiana’s Republican lawmakers have advanced proposals to limit damage claims against businesses in car wreck lawsuits, pushing ahead with the pre-coronavirus priority as Democrats argued the debate was inappropriate amid a pandemic. House and Senate committees approved “tort reform” measures …

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 …