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Allstate has received approval from the state Department of Insurance to increase its California homeowners insurance premiums by an average of 34.1% starting in November.
In 2024 alone, more than 8,000 ... State Farm, California's largest insurer, recently requested a 30% rate increase for homeowners insurance, with Allstate seeking an average 34% rise.
Allstate, one of the largest insurers in the country, has resumed writing new policies through its website. But the costs are going up. A major auto insurer returns to California — with a 30% ...
From January 2023 through May 2024, 45 states saw double-digit percentage increases in home insurance premiums which were largely being driven up by rising reinsurance premiums for home insurers (which in turn was being driven by the reinsurance industry's declining profitability from 2014 to 2022 from increased natural disaster claims), [152 ...
Allstate's slogan "You're in good hands" was created in the 1950s by Allstate Insurance Company's sales executive, Davis W. Ellis, based on a similar phrase he used to reassure his wife about a doctor caring for their child. It has been the slogan ever since 1950. [7] Allstate also refer to themselves as the "Good Hands People".
The cost of an average auto insurance policy will rise by 22% in 2024, and residents of some states could see the cost of coverage rise by 50% or more, according to Insurify. And this is on top of ...
The coverage is typically more expensive and less comprehensive than private insurance alternatives, but Californians are turning to the program in droves: Some 452,000 residential policies were ...
Your policy rate increased. Even a modest 5% increase on a $1,500 annual premium means paying an extra $75 per year. Shopping around could not only eliminate this increase but potentially save you ...