Social Media Preheader Home Page Get a Quote About Us Payment Claims Facebook icon for Northwest Insurance Services LinkedIn Google icon for business listing Blog RSS Postheader Auto Insurance Health Insurance Contractors Insurance Commercial Auto Insurance Home Insurance

I recently read an article posted by Businessinsider regarding the auto insurance industry and thought I would add a little insight. It seems the auto insurance companies feel the pain when the economy improves, profits are down, does this mean rates go up. The typical consumer feels more confident. I took a few minutes and looked on the department of insurance website rate filing section and found the following:

Allstate took a 10.0% rate increase effective 4/18/2016 on New Business and 5/18/16 for their renewal book.  

State Farm 7.1 rate increase 10/12/15, Pending new filing 6/20/16

Berkshire Hathaway Group (GEICO) 6.7% effective 1/14/16, GEICO also took +5.6% increase effective 11/5/15

Nationwide 9.7% increase 10/17/15

Other Carriers with pending rate filings:
American Family - 5/25 ,CSAA - 7/1, PEMCO - 6/15, State Farm 6/20
USAA - 5/5

Rates typically phase in as policies renew, on average this can take up to six months. If you are seeing your rates increase let us shop 11 different insurance companies to see who has the best price and coverage. Simply fill out our quote sheet and we will send an auto insurance quote comparison.

Posted 6:09 PM

Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive

View Mobile Version
Fill out the form below or call us at 509.590.1529

Read More
We are a leading provider in insurance and services in the insurance industry. Priding ourselves on providing the best customer experience possible while also giving you the lowest rates. We have relationships with dozens of insurance companies, allowing you to get the right price with the right service.

Read More
  Who We Are
Our Insurance Carriers
Meet Our Staff
Customer Testimonials
  Auto Insurance
Contractors Insurance
Home Insurance
Commercial Auto Insurance
Health Insurance
Other Insurance
  312 W Nora Ave | Spokane, WA 99205
Phone: 509.590.1529 | Fax: 800.381.0284