inflation and insurance rates Archives

State Farm’s Next Move: A Comeback in the Making?

June 29, 2025June 27, 2025 Ben Jones

Can State Farm Reclaim the Throne? Progressive has done it. They’ve knocked State Farm off the top spot as the biggest U.S. auto insurer. But what’s next? State Farm isn’t taking this sitting down. With a market share of 16.2%—just a hair behind Progressive’s 16.4%—you can bet they’re plotting a comeback. What’s State Farm’s Next Move? State Farm isn’t exactly new to dominating the auto insurance scene. They’ve been the leader for decades. But losing the top spot stings. How will they claw their way back? Experts say State Farm…

Higher Coverage, Higher Costs? Massachusetts Rolls Out New Auto Insurance Law

January 15, 2025January 15, 2025 Ben Jones

Massachusetts to Raise Minimum Auto Insurance Coverage Limits by July 2025 Massachusetts is set to implement significant changes to its mandatory auto insurance coverage requirements starting July 1, 2025. Governor Maura Healey recently signed legislation increasing the minimum insurance coverage limits, aligning with a growing trend across the United States. These updates aim to improve financial protection for drivers while minimizing the risk of policyholders facing inadequate coverage after an accident. Below, we examine the rationale behind the changes, statistics on how often claims exceed policy limits, and national shifts…

Virginia’s Auto Insurance Laws Are Changing in 2025 — Here’s What Drivers Need to Know

January 4, 2025January 3, 2025 Marc

Virginia drivers are gearing up for significant changes in their auto insurance policies as a new law enforces higher minimum liability coverage effective January 1, 2025. Designed to offer better financial protection, the updates are expected to impact premiums and reshape coverage across the state. Understanding the New Virginia Insurance Requirements Beginning in 2025, the minimum liability coverage limits for Virginia drivers will rise from the current $30,000 per person, $60,000 per accident, and $20,000 for property damage (commonly referred to as 30/60/20) to a higher threshold of $50,000 per…