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.
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Texas car insurance is especially important, with news from Allstate car insurance that insured vehicles that were stolen and never found, increased by 11% in the last year.

The motor vehicles are being stolen for use in Mexico where they are used for transporting narcotics and human smuggling. After being used, the motor vehicles are used for parts or sold to buyers in Mexico and the U.S. The majority of vehicles stolen are full-size trucks and SUV’s due to their carrying capacity, value and ability to go off-road.

Unfortunately Texas car insurance is not looking like it is going to get any cheaper with Allstate car insurance company reporting that Texas has the second highest motor vehicle theft rate in the U.S.
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