Category: Auto Insurance

News articles concerning car and auto insurance nationwide for both insurance brokers and insurance customers. Learn about changes happening in your state or even global insurance matters.

State Farm 2025 California Auto Insurance Rate Hike Affecting Millions

Angela Linders
State Farm 2025 California Auto Insurance Rate

State Farm, California’s largest auto insurer, has received approval to increase its auto insurance rates beginning in January 2025. This marks the second consecutive year of double-digit rate hikes for the company, following a 21% increase implemented earlier this year. The upcoming adjustment, averaging 17.7%, will affect approximately 4 million policyholders across the state. The increase aligns with broader trends in the auto insurance industry, both in California and nationwide, as companies grapple with rising claims, vehicle repair costs, and inflationary pressures. Factors Driving State Farm Auto Insurance Rate Hike…

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Crash Stats You Need to Know and the Cars Helping to Reduce Them

H. Cutner
Car Crash Statistics

Auto Safety Technologies at a Glance Advancements in automotive safety technologies over the last decade have significantly reshaped how we drive, offering greater protection for passengers, pedestrians, and other road users. These advanced features, collectively referred to as Advanced Driver Assistance Systems (ADAS), are not only improving safety outcomes but also influencing auto insurance rates. Here, we take a comprehensive look at some of the most impactful systems, the vehicles that incorporate them, and how these technologies are reducing fatalities, injuries, and crash risks. Automatic Emergency Braking (AEB) How It…

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Should Insurers See Green Drivers as Safer Bets for the Future?

G. Turner
Green Drivers

Should Environmentally Responsible Car Owners Be Rewarded for Their Risk-Conscious Lifestyle? Driving a hydrogen fuel cell vehicle or an electric car (EV) often represents more than a transportation choice—it signals a lifestyle rooted in sustainability and personal responsibility. These vehicles promise reduced carbon emissions, improved air quality, and a shift away from reliance on fossil fuels. Yet, despite these benefits to society, owners often find themselves facing financial hurdles that seem at odds with their responsible decisions. Not only do these green drivers contend with additional registration fees that climb…

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Tesla’s Safety Record Under Scrutiny Amid Rising Fatal Accident Rates

Nordstrom
Tesla’s Safety Records

Recent research analyzing U.S. traffic data from 2018 to 2022 paints a concerning picture for Tesla vehicles on the road. The study, conducted by iSeeCars using National Highway Traffic Safety Administration (NHTSA) data, revealed that Tesla leads all automotive brands with a fatal accident rate of 5.6 per billion miles driven. This rate is double the U.S. national average of 2.8 fatalities per billion miles. The findings come as Tesla continues to advertise its vehicles as among the safest in the market, backed by Insurance Institute for Highway Safety (IIHS)…

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Can Allstate Balance Growth and Risk in Today’s Unpredictable Insurance Landscape?

Logan B.
Allstate Insurance investing

Allstate Corp. (NYSE:ALL): Facing Challenges and Opportunities in Insurance Allstate Corp., one of the largest insurance companies in North America, is navigating a mix of opportunities and challenges in today’s evolving market. Valued at roughly $53.88 billion as of late 2024, the company has spent the last five years shifting its focus to better connect with customers, particularly through its direct-to-consumer (D2C) offerings. Recent earnings reports show that Allstate is performing well in some areas, with profits coming in higher than expected. However, these successes have been overshadowed by large…

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