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NJ must ban car insurance companies from using credit scores to set rates, advocates say
A group of New Jersey advocates is urging the state to ban auto insurance companies from using a person’s job, education or credit score to determine prices. They say the practice translates into low-wage drivers who pay higher premiums than richer motorists. “You may have a doctor or a lawyer or some other type of…
Allstate’s new car insurance rate hike raises premiums by $760
Allstate CEO Tom Wilson wasn’t kidding when he said the company’s relentless streak of auto insurance rate hikes will continue into 2023. Less than a month into the year, Allstate raises rates on most Illinois drivers it insures by an average of 7.6%, according to a filing with the Illinois Department of Insurance. The average…
UK motor insurance premiums in first quarter at highest level since 2020 – survey
Vehicles sitting in traffic near the Blackwall Tunnel, in London, England, November 18, 2020. REUTERS/Simon Dawson April 21 (Reuters) – The cost of a comprehensive car insurance policy in Britain touched an 18 -month high in the first quarter and will continue to increase on the back of rising inflation and regulatory changes, a survey…
Rising auto insurance rates squeeze drivers and fuel inflation
Why did my car insurance go up when nothing changed?Contents1 Why did my car insurance go up when nothing changed?1.1 Why is my Geico insurance all of a sudden so much higher?1.1.1 Why did my insurance randomly go up?1.1.2 How to get Geico to lower your rate?1.2 Is it normal for car insurance to increase…
A Corpus Christi auto insurance agent is warning of potential rate hikes this year
Drivers are encouraged to check with their insurance provider to see if they qualify for veteran, student or good driver rates. CORPUS CHRISTI, Texas — At the start of the COVID-19 pandemic in 2020, many of us were pleasantly surprised when auto insurance companies began issuing premium refunds. More people staying home meant fewer claims….