iBlogForex - Forex Blog

Your Blogger


Your Car Insurance Blogger

Categories

Subscribe

Partners

Stats

    Add to Technorati Favorites
    blogarama - the blog directory
    blogoriffic.com
    Weblogs Directory

    Find Blogs in the Blog
Directory
    Link With Us - Web Directory
    Blog Directory & Search engine
    Romow Web Directory - Online Internet Marketing Center
    RankingBlogs.com :: Defining Your Blogs Worth: TopSites:
    Autos Blogs - Blog Catalog Blog Directory
    Automobile
    Top Blogs





Allstate car insurance has been ordered to cut car insurance rates by 15.9% for residents in California. The news is likely to have a big effect on Allstate’s bottom line with the company insuring about 10% of the states cars. The rate cut comes into effect on April 14 and will result in average savings of $124 per vehicle.

The order comes at more than twice the rate cut Allstate had sought permission for. The California Department of Insurance had calculated that a rate cut of 19.4% was merited, however a state judge gave Allstate credit for providing services to low-income neighborhoods and brought the final rate reduction down to 15.9%.

The company feels it has been unfairly targeted and has been forced to cut rates by a larger percentage than other insurance companies.

Tags: , ,

Google
 

Posted March 22nd, 2008 by Melanie
Posted in Car Insurance Companies, Car Insurance News |




Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.