Home › Auto Insurance

Auto Insurance

News Story
4/6/2008
Posted by Consumer Watchdog
A lot of drivers probably thought they were finally getting a break when then-California Insurance Commissioner John Garamendi announced in 2005 that he was requiring insurers to stop using ZIP Codes as a main factor in determining car-insurance rates. After all, the amount you pay for coverage should depend primarily on how you drive, not where...
Blog Post
4/1/2008
Posted by Consumer Watchdog
Treasury Secretary Henry Paulson’s proposal for a newly created federal insurance regulator, and the “option” of a federal insurance charter for insurance companies, is a back door route to deregulation of the insurance industry.   Strong oversight by state insurance regulators protects consumers at the same time as it keeps...
News Story
3/19/2008
Posted by Consumer Watchdog
Two of the state's biggest auto insurance companies have reduced their charges to customers under provisions of Proposition 103, a voter initiative that turns 20 years old this year. On Friday, the Auto Club of Southern California – the state's fourth-biggest auto insurer – settled a Proposition 103-related lawsuit with a pledge to...
News Story
3/19/2008
Posted by Consumer Watchdog
Nearly 2 million Allstate Auto Insurance customers will see their rates drop nearly 16 percent in April under a recent order by California Insurance Commissioner Steve Poizner. The order is expected to result in average savings of $133 per car. Allstate requested no change in premiums when it filed a new rate structure with the Department of...
News Story
3/19/2008
Posted by Consumer Watchdog
SACRAMENTO, CA -- California Insurance Commissioner Steve Poizner said Allstate must slash its automobile insurance rates nearly 16%, an average savings per auto of about $124. "California's consumers deserve a competitive marketplace in which to shop around for the best rates that meet their needs," Poizner said in a statement. He...
News Story
3/19/2008
Posted by Consumer Watchdog
Allstate Corp., which covers about 1 of every 10 insured cars in California, has been ordered to cut its automobile rates by 15.9% -- an average savings of $124 per car, state Insurance Commissioner Steve Poizner said Tuesday. The new rate is effective April 14, and Allstate is considering whether to appeal the rate cut order in court. "...
Blog Post
3/18/2008
Posted by Consumer Watchdog
Here's good financial news for folks at a time when it seems like the economic sky is falling: Allstate has to lower its auto insurance rates by about $250 million in California, in order to comply with the 1988 insurance reform initiative known as Prop 103.   Here's the LA Times on the rate cut: California Insurance Commissioner Steve...
News Release
3/18/2008
Posted by Consumer Watchdog
Insurance Commissioner Orders Allstate to Lower Rates by 15.9% Under Prop. 103   Santa Monica, CA -- California drivers with Allstate auto insurance will save a quarter-billion dollars under an order issued by Insurance Commissioner Poizner Friday that requires Allstate to lower its premiums by 15.9%. The savings are a result of Proposition...
News Story
3/18/2008
Posted by Consumer Watchdog
Allstate Insurance auto insurance policyholders could see their yearly premiums cut by an average of $133 a year per vehicle as a result of a ruling from the state Department of Insurance requiring the company to lower its rates next month. State Insurance Commissioner Steve Poizner last week approved a recommendation made by an administrative law...
News Release
3/14/2008
Posted by Consumer Watchdog
Santa Monica, CA -- The insurance affiliate of the Automobile Club of Southern California (the Interinsurance Exchange of the Automobile Club) will issue $22.5 million in refunds to approximately 120,000 policyholders to resolve lawsuits brought by The Proposition 103 Enforcement Project, a project of the non-profit Foundation for Taxpayer and...