AllState's Auto Insurance Rates Targeted in California

Ready to get started?

Your quotes are always free.

Tim is a licensed life insurance agent with 23 years of experience helping people protect their families and businesses with term life insurance. He writes and creates stuff for QuickQuote and other insurance and financial websites...

Full Bio →

Written by

UPDATED: Feb 25, 2020

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We partner with top insurance providers. This doesn't influence our content. Our opinions are our own.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.

California Insurance Commissioner Steve Poizner recently issued an order to Allstate’s auto insurance units in California to reduce the rates currently charged for auto insurance by nearly 16 percent. The rate reduction will become effective by mid-April and will save California consumers approximately $245 million annually in auto insurance premiums, or roughly $125 per vehicle.

“This reduction reaffirms my commitment to ensuring that excessive rates are not charged to California consumers. At the same time, the rate reduction is fair and reasonable for the company,” Poizner said.

Not surprisingly, Allstate disagreed with the commissioner and believed the rate reduction is excessive. The company anticipated a reduction of about 8 percent and is considering filing an appeal.

 

 

Ready to get started?

Your quotes are always free.

Free Car Insurance Comparison

Compare Quotes From Top Companies and Save

 Secured with SHA-256 Encryption