Allstate Insurance increased the prices of cars
Louisiana regulators of insurance markets close approved a $ 21 million auto insurance increase today Allstate Insurance Company.
This is the third rate hike interest for the company in less than two years. The more than 200000 policyholders, Allstate Insurance, the second auto insurer in Louisiana, pay on average $ 120 more per year under the OK’d an increase from three to two votes Insurance Rating the Commission.
In addition, the increase in May 2001 and February 2002, insurance pays almost 20% more for their auto insurance, as it two years ago. The increase was 8.5%. It is a force on December 30.
Steven Armstrong, a spokesman for Allstate, said increasing the accountability of medical and repair costs of motor vehicles costs have forced the company to require that automobile insurance increase.
The Commission also adopted an increase of 28% for fire and State Farm Casualty Company’s apartment complexes, condominium associations, small business and church insurance policies. It rose by nearly 45% of demand in the last month.
The largest increase would be approximately $ 13 million, but the modest increase is still save almost $ 8 million for the Farm.
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