Article 0 Comments State Farm Mutual Automobile Insurance Co. announced it is cutting its rates in Ohio for the second year in a row. The overall personal auto rate in the state is dropping by 3.7 percent, effective Feb. 18. The total state-wide expected impact for State Farm Mutual by […]
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State Farm to Cut Auto Insurance Rates for Michigan Customers
Article 0 Comments State Farm Mutual Automobile Insurance Co. announced it is cutting its overall personal auto insurance rate will drop by 3.5 percent in Michigan. The total state-wide expected impact for State Farm Mutual by this rate decrease in Michigan will be a savings of approximately $48.4 million, the […]
State Farm Cuts Auto Insurance Rates in Missouri
Article 0 Comments State Farm Mutual Automobile Insurance Co. says it is cutting its rates in Missouri. As a result, its overall personal auto rate will drop by 3.9 percent. The total state-wide expected impact for State Farm Mutual by this rate decrease in Missouri will be approximately $32 million. […]
What? Women Pay More Than Men for Auto Insurance? Yup.
Article 0 Comments It’s a widespread belief that men pay more for automobile insurance than women. But that’s only true for young adults. Several studies in 2018 and 2017 revealed that women over 25, particularly those between 40 and 60, often pay more than men — not less — for […]
State Farm to Again Lower Auto Insurance Rates in Louisiana
Article 0 Comments Beginning in April, Louisiana customers of State Farm Mutual Automobile Insurance Co. will see a decrease in their auto insurance rates, the insurance department announced. It will be the third rated decrease filed by the company in less than a year that has been approved by Insurance […]
Signs Point to Better New Year for Nonstandard Auto Insurance Market
Article 0 Comments There are initial signs that the private passenger nonstandard automobile segment is beginning to improve after years of unfavorable results, including continued premium growth in 2017 and through mid-year 2018, according to A.M. Best. Best’s Market Segment Report, “Early Signs of Improvement in Nonstandard Auto Market,” states […]
Allstate Reported to Be Weighing Sale of Fixed-Annuities Business
Article 0 Comments Allstate Corp., the automobile and home-insurance giant, is exploring a sale of its fixed-annuities business, which stopped selling new policies about five years ago, people familiar with the matter said. The insurer is working with financial advisers to seek buyers for the business, which has a book […]
State Farm to Cut Auto Rates in North, South Carolina
Article 0 Comments State Farm Mutual Automobile Insurance Co. will decrease its auto rates in North and South Carolina, impacting more than 2 million customers in both states. According to a statement from the insurer, State Farm’s overall personal auto rate will drop by up to 3 precent. The total […]