Tag: Allstate

Whose auto insurance is cheaper? State Farm or Allstate?

G. Turner
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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Home insurance companies remove natural disaster coverage from policies as risk rises

G. Turner
Home insurance - Natural Disaster damage of homes

As the impact of climate change becomes increasingly costly to insurers, they are reducing protection. Some of the United States’ largest home insurance companies are announcing that the increasingly frequent and severe weather caused by climate change is leading them to raise premiums and remove certain coverages relating to natural disaster protection. Major insurers are increasingly finding themselves facing an unmanageable risk from natural disasters. That said, this type of decision is leading home insurance customers in some of the most vulnerable areas without the coverage they require the most.…

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Climate change is sending California into an insurance crisis

Julie Campbell
Climate change - Crisis Ahead California Flag

Increasingly frequent and damaging wildfires are making coverage extremely expensive, when it’s available. Climate change has been blamed for the worsening wildfires that have plagued California over the last few years, and this problem has been affecting the insurance industry to an increasing degree, as coverage becomes more difficult to obtain, and challenging to afford when it is available. Major insurers State Farm and Allstate have stopped selling new home and business policies in California. As is the case with natural disasters in other parts of the country, such as…

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Allstate is no longer selling new California home insurance policies

Julie Campbell
California home insurance - homeowners insurance policy - X

Immediately after State Farm’s exit from selling in the market, its top competitor has done the same. Allstate has announced that it is no longer selling new California home insurance policies, removing it from the pool of available coverage for homeowners following State Farm’s exit from sales only days before. That said, despite the fact that the announcement was only just made, the insurer’s statement said it stopped accepting new policies as of last year. This means that two of the largest insurers in the country are no longer selling…

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Allstate 2022 auto insurance rate filings brings about changes to Georgia law

Marc
Auto insurance - Georgia Law changes

The filing rules in the state will be changing under a new law driven forward by the insurer last year. Georgia Governor Brian Kemp recently signed a bill into law, providing the insurance commissioner in the state with the authority to review all auto insurance rate filings before they can become effective. The new law will become effective July 1, 2023, and preserves existing authority while making additions. Georgia House Bill 221 goes into effect July 1, 2023. It will maintain the approval powers the commissioner already held over mandatory…

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