Auto Insurance

Related Articles from Auto Insurance

Auto Insurance Rate Rises Halted

The California insurance commissioner today barred automobile insurers from raising their rates for six months while the state grapples with how to put into effect a rate-cutting initiative approved by voters last year. The California insurance commissioner today barred automobile insurers from raising their rates for six months while the state grapples with how to put into effect a rate-cutting initiative approved by voters last year. Commissioner Roxani Gillespie took the action after the Farmers Insurance Group, one of the state's largest auto insurers, said last week that it would raise its rates 5.9 percent on Nov. 1, and other

Prices for Auto and Home Insurance Are Increasing Sharply

Prices for auto and home insurance have been rising sharply around the country in the last few months as insurers struggle to keep pace with increasing costs, insurance executives and analysts said yesterday. The two biggest auto and home insurers, State Farm and Allstate, have taken the lead in the price increases, and many smaller companies are following, analysts said. ''Both auto and homeowners insurance have lost tremendous amounts of money over the last few years,'' said Robert P. Hartwig, the chief economist at the Insurance Information Institute, a trade group. Ronald D. McNeil, a senior vice president for Allstate,

Illegal Residents Get Legal Route To Car Coverage

Many states are cracking down on illegal immigrants by denying them driver's licenses. But auto insurers are increasingly targeting those unlicensed drivers as a lucrative market. For decades, many states with big immigrant populations, like California, routinely issued driver's licenses to foreign citizens, regardless of their immigration status. But when those states and others began tightening up their requirements amid a backlash against illegal immigration, many illegal immigrants couldn't renew their licenses -- and their car insurance was automatically canceled. Some auto insurers, however, were quick to see a golden opportunity. California law, for example, doesn't bar companies from selling ... More :

Whitman Vows to Cut Car Insurance Rates by Curbing Suits

Gov. Christine Todd Whitman said today that New Jersey drivers have for too long paid the nation's highest automobile insurance rates and proposed legislation that would allow insurers to offer limited coverage for lower premiums. In her third annual address to the State Legislature, Governor Whitman praised her administration for a range of accomplishments from cutting income taxes to imposing statewide school curriculum standards, but she acknowledged that bringing down auto insurance rates remained one of her biggest challenges. By vowing to lower auto insurance premiums, Mrs. Whitman sought to address a problem that her Democratic opponents promised to make

Insurance Cost To Homeowner Climbs Sharply

Across the country, the cost of insuring a home is climbing sharply and is expected to continue doing so for several years. Prices are rising at more than twice the 3 percent average of recent years, and by more than 10 percent in many states. Allstate, the second-largest home insurer, has been leading the way, with increases of 10 percent to 25 percent in several states. State Farm, the largest home insurer, has been more reluctant to raise prices, lifting premiums 6 percent to 10 percent in a handful of states. Safeco, the eighth largest, says it expects increases to