Whose auto insurance is cheaper? State Farm or Allstate?

Car insurance - Allstate Vs State Farm Comparison

According to a recent comparison report, one insurer clearly comes out on top as more affordable. State Farm and Allstate are two of the largest auto insurance companies in the country, but just because they’re big national insurers, it doesn’t mean that there isn’t a difference in how much it will cost if they insure you. Each insurer has strong advantages associated with it, but one was found to have lower premiums. A comparison company called The Zebra recently conducted a deep dive into what the companies offer and how…

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USAA and Farmers homeowners insurance rates spike by almost 15 percent

Homeowners insurance - Rates rising

A new S&P Global Market Intelligence report showed that the insurers were charging much higher premiums. The United States Automobile Association (USAA) and Farmers Insurance Group have raised their homeowners insurance rates by an average of almost 15 percent in 2023, according to a recent report. That increase is notably higher than all other major insurers in the United States. According to the October 3 S&P Global Market Intelligence report, the average increase in homeowners insurance rates across the country up to August was 8.8 percent. That said, through to…

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CSE becomes sixth insurance company to stop selling in California

Insurance company - Another company Says goodbye to home and auto insurance in California

Officials in the state have said that this particular phase-out has been planned for a long time. CSE Insurance Group has announced that it stopped writing home policies in California as of October 9, becoming the sixth insurance company in the state to make this move. The insurer simultaneously announced that it intended to cease auto policy renewals in California. This has added yet another insurance company to a growing list of insurers that have decided that they either want to stop doing business in the state or have chosen…

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Mercury Insurance says California’s bodily injury costs are rising

Mercury Insurance - bodily injury - broken arm

The insurer’s new umbrella coverage provides Californians with enhanced protection against these claims. Mercury Insurance has announced that it has relaunched its umbrella coverage after a redesign in order to provide Californians with an added protection layer above what a standard home or auto policy has to offer. The coverage is meant as an added safety net in a state that is becoming increasingly litigious. A news release from Mercury Insurance said that liability claim amounts are now 66 percent higher than they were before the pandemic, having climbed with…

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Would sending Floridians cash help them to afford home insurance?

Home insurance - Florida Affordability

One lawmaker wants to direct the state’s $10 billion budget surplus to that specific cause. As Florida continues to struggle to find a way to slow the rising cost of home insurance, one lawmaker from Palm Beach County has suggested that it’s time to offer Floridians money to help them to keep up. House Bill 41 has been introduced for the upcoming legislative session in the state. “Right now, we have to focus on real solutions,” said Rep. Jervonte Edmonds (D-West Palm Beach). Edmonds introduced House Bill 41 for the…

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