Live Insurance News

Geico auto insurance rates headed skyward in Illinois

December 12, 2016December 10, 2016 G. Turner

The average premiums increase is expected to be 3.5 percent, according to state records. Geico auto insurance will be increasing its rates in Illinois next year. The company, which is owned by Berkshire Hathaway, will raise premiums by an average of 3.5 across the state. The new Illinois auto insurance rates will become effective on February 6, 2017 for policy renewals. This is not the only increase being issued by Geico auto insurance. In fact, the insurer has been making similar announcements across the country. Throughout 2016, the average policy…

Allstate Insurance Drivewise telematics app receives upgrade

September 1, 2015August 30, 2015 Julie Campbell

The usage based auto insurance program offered by the insurer is rewarding safer drivers. Allstate Insurance is now adding a new upgrade to the app for its Drivewise® Mobile in order to be able to enhance the experience for drivers who are looking to save money based on their safe habits behind the wheel. This new version of the usage based insurance app is meant to boost the incentive for safe driving. The smartphone app from Allstate Insurance has already been winning awards and is now offering drivers a new…

Allstate Insurance survey finds drivers’ greatest fear

July 31, 2015July 30, 2015 Julie Campbell

According to a survey of motorists, they are most afraid of having their car break down and having to wait for help. The roadside services program from Allstate Insurance recently conducted a survey of drivers and found that their greatest fear is to experience a breakdown that causes them to have to wait at the side of the road for help to arrive. Being stranded in an unfamiliar area causes the highest amount of anxiety among drivers. The Allstate Roadside Services research determined that among the motorists who participated in…

Allstate auto insurance to cover rideshare drivers

June 9, 2015June 6, 2015 Julie Campbell

People who are driving with the use of app based services like Uber will now have the insurer’s coverage available. Allstate auto insurance offerings will now be including coverage for drivers who will be using apps such as Uber and Lyft in order to pick up ride sharing passengers in order to earn an income. The auto insurance coverage will come with an average premium of between $15 and $20 per year. The announcement about the new type of Allstate auto insurance policy also explained that the goal of the…

Auto insurance premiums at GEICO and Allstate are going up

May 11, 2015May 11, 2015 G. Turner

Certain large national insurers will be increasing their rates following a decline in underwriting results. It looks as though even the auto insurance companies that are known for providing affordable premiums are not immune to the need to increase rates every now and then, as GEICO has joined the national insurers that have been increasing their rates. The first quarter’s decline in underwriting profits were down and will be increasing rates to compensate for it. During the first quarter, GEICO saw underwriting profits of $160 million. When compared to the…

Auto insurance survey shows drivers are still using smartphones behind the wheel

October 6, 2014October 4, 2014 Julie Campbell

auto insurance premiums car mobile smartphone

Research by Allstate has shown that Canadian motorists continue to talk and text against the law. Regardless of the fact that it is against the law to talk on a handset or send and receive text messages, a study conducted by an auto insurance company has determined that Canadians can’t seem to break this distracted driving habit. The majority of provinces and territories regulate the way mobile devices can be used by drivers. That said, Allstate Insurance has discovered that many Canadians are not abiding by those laws and are…

First quarter proves rough for insurance industry, but Allstate manages to stay on top

May 9, 2014May 7, 2014 S.Vagus

Allstate reports that it has performed well during the first quarter of 2014 Allstate, one of the largest insurance companies in the U.S., has reported promising results from the past quarter. The company had expected the last quarter to be somewhat grim in terms of profits, but Allstate has performed quite well in light of several problematic issues that have emerged throughout the U.S. over the past quarter. The company’s property and auto insurance business segments were particularly successful despite a relatively dubious market. Insurer’s premiums grew by 4% in…