california insurance rates Archives

California auto insurance investigating premiums discrimination

May 23, 2017May 19, 2017 Marc

The state Department of Insurance launched an investigation into the factors used to calculate rates. The California auto insurance industry may soon be changing the way its rates are calculated in order to reduce discrimination against drivers from minority neighborhoods. The California Department of Insurance launched an investigation into the practices of eight auto policy providers in the state. The investigation is meant to decide whether the insurers are discriminating against people in minority neighborhoods. The California auto insurance rate investigation was launched in response to an article published on…

State Farm insurance rates will soon be slashed, judge’s orders

December 21, 2016December 19, 2016 Nordstrom

California Insurance Commissioner Dave Jones supports the judge’s decision to reduce premiums. State Farm insurance rates in California may soon be on their way down following a judge’s ruling. That said, homeowners, condo and renters insurance policyholders will need to wait to know if they will also get refunds. That will depend on the outcome of a lawsuit. The judge ruled that State Farm is required to comply with a state order for reducing its rates. That same judge said that while State Farm insurance rates must be reduced, the…

California insurance premiums for health plans could spike by 8%

May 16, 2016May 14, 2016 Nordstrom

The rates for 2017 may be noticeably more expensive for residents of the Golden State. California insurance premiums may be heading upward next year according to an estimate that has been produced by the state’s exchange, to the point that the average person would be paying 8 percent more. Should this estimate be accurate, it will double the average increase seen over the last two years. This year and last year, there were increase to California insurance premiums, but they were a notably lower 4 percent. This latest forecasted increase…

California Insurance rates from Allstate cause Commissioner and consumer advocate divide

April 8, 2015April 6, 2015 Julie Campbell

allstate homeowners home insurance rates

Though Dave Jones and Harvey Rosenfield have traditionally collaborated, a recent issue has led to a split. The California Insurance Commissioner, Dave Jones, and advocate from Consumer Watchdog, Harvey Rosenfield, have traditionally held very similar beliefs when it came to the industry and its insurance rates. That said, this trend appears to have changed when it comes to the rates being charged by Allstate. Rosenfield, who hails from Santa Monica, was the author of Proposition 103, a ballot measure from 1988, which converted the position of insurance commissioner in the…

InsureCA4less.com website provides California residents with best insurance quotes and comparisons

March 24, 2012April 30, 2013

The new insureca4less.com website has announced the availability of its full service insurance quote website that is specifically designed to cater to the needs of the residents of California. The site is now offering Californians fast and easy access to free instant insurance quotes from insurers located within their area. It also provides the ability to compare the top quotes from several insurance companies so that users will always know that they are receiving the coverage they need, but at the best possible price that can be found. The insureca4less.com…

California ranks ninth in American auto insurance prices

March 10, 2012 Marc

According to a report by Insure.com, the residents of California experienced some relief in their auto insurance prices when they fell from $1,991 last year to $1,709 now. In 2011, California insurance rates held sixth place in the country for the most expensive annual car insurance premiums. However, this year it has dropped to ninth place. The report did not examine the reason that the prices fell. On the other hand, Louisiana remained in first place, where the average premium for coverage was $2,536 this year. The report claimed that…

Consumer Watchdog chastises California’s Mercury Insurance for supposed illegal practices

December 22, 2011December 22, 2011 S.Vagus

Mercury is looking to raise its auto insurance rates by $89 million in California, a move that consumer advocates are calling “illegal.” Consumer Watchdog, a group concerned with making the California insurance industry more consumer friendly, claims that the insurer is looking to pass a new law that would allow it to raise rates for good drivers that have, simply, not driven for a period of time for any reason. Mercury Chairman George Joseph claims that the legislation the company is backing would save policyholders money, but Consumer Watchdog calls such…