The Car and Truck Fleet and Leasing Management Magazine

California Consumer Group Challenges Allstate Auto Rates

November 08, 2007

SAN FRANCISCO --- Spurred by complaints from a consumer group, California's Department of Insurance is holding hearings on Allstate Insurance Co.'s car insurance rates.According to a report in Insurance Journal, the Foundation for Taxpayer and Consumer Rights has accused Allstate of overcharging drivers $300 million per year. The group contends that Allstate needs to lower its rates by 18.8 percent --- an average of $150 per car --- under existing California rules.The foundation also challenged Allstate's request for five exeptions to auto insurance rate rules.Allstate, however, has said it has already filed to reduce its rates. The company also withdrew its request to charge drivers an additional $15.5 million in premiums, Insurance Journal reported.
Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

Sponsored by

Exhaust Gas Recirculation (EGR) is a nitrogen oxide (NOx) emissions reduction technique that is used in petrol/gasoline and diesel engines.

Read more

Accident Costs Calculator

DO YOU KNOW HOW MUCH REVENUE IT TAKES TO OFFSET FLEET ACCIDENT COSTS?
Use this calculator to see how much extra sales revenue your company needs to generate to make up for the profits lost as a result of fleet accidents.
Launch Accident Cost Calculator 

Up Next

More From The World's Largest Fleet Publisher