GEICO losing auto insurance ground to State Farm and Progressive

Auto insurance Policy - Checkmate

Early data from NAIC indicates that the Berkshire Hathaway-owned insurer is losing market share to competitors. Following a rocky 2023 for the personal auto insurance business in the United States, early data released by the National Association of Insurance Commissioners (NAIC) suggests that auto insurance company GEICO is losing ground to its larger competitors State Farm and Progressive. State Farm has held the top spot for many years in the US While it’s no big news that State Farm is still the largest auto insurance company in the United States…

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These are the top auto insurance complaints, says California Deputy Commissioner

Auto insurance - Complaints loading

The DOI’s Tony Cignarale recently discussed the leading issues filed about coverage or insurers. The California Department of Insurance (DOI) Deputy Commissioner Tony Cignarale recently spoke about the most common auto insurance complaints handled by his department. The discussion also announced a special session in which repair shops could file complaints. The special session for auto insurance complaints was held at a Society of Collision Repair Specialists (SCRS) open board meeting. It was held in Palm Springs, California ahead of the Collision Industry Conference (CIC). Cignarale is the Consumer Services…

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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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More Americans are shopping for auto insurance than ever before, JD Power

Auto insurance - Shopping for insurance on computer

An increase in car ownership and rising premiums are among the reasons people are shopping around. The number of households in the US with cars but that don’t have auto insurance increased during the first half of this year, and the percentage of drivers who say they’re shopping for coverage has hit record levels. JD Power released data based on their findings in a recent report based on American households. JD Power recently published an auto insurance intelligence report in which they revealed the trends they identified in this market.…

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US consumers are still shopping around for auto insurance

Auto insurance - shopping - mobile

Q2 data from JD Power showed that switching continued to be as high as in the previous quarter. Rates continued to be an obstacle for auto insurance companies in this year’s second quarter, according to the JD Power Q2 2023 US Auto Insurance Shopping LIST Report. Insurers have been increasing rates to keep up with costs, sending drivers to look for cheaper options. As auto insurance rates keep climbing, drivers have been looking into different coverage options in an effort to find options that will be more affordable. The report…

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