Northbrook Based Allstate News Today

Inflation may be moderating, but home and auto insurance premiums are still going through the roof in Illinois, with double-digit rate increases baked into this year’s bills and no relief

Inflation may be moderating, but home and auto insurance premiums are still going through the roof in Illinois, with double-digit rate increases baked into this year’s bills and no relief in sight. Allstate is hiking homeowners insurance rates by 12.7% this week, while State Farm is planning a 12.3% increase in May, according to separate state filings by both Illinois-based companies. ...

Allstate is hiking homeowners insurance rates by 12.7% this week, while State Farm is planning a 12.3% increase in May, according to separate state filings by both Illinois-based companies.

Allstate is hiking homeowners insurance rates by 12.7% this week, while State Farm is planning a 12.3% increase in May, according to separate state filings by both Illinois-based companies.

Inflation may be moderating, but home and auto insurance premiums are still going through the roof in Illinois, with double-digit rate increases baked into this year’s bills and no relief in sight. Allstate is hiking homeowners insurance rates by 12.7% this week, while State Farm is planning a 12.3% increase in May, according to separate state filings by both Illinois-based companies. ...

Disappointing second-quarter earnings by rival Progressive spooked investors worried that financially weaker Allstate will also report bad numbers early next month.

The insurance giant raised auto rates by historic levels since 2021. It still wasn't enough to put them in the black.

The company didn't say why its home-state customers are seeing homeowners' rate hikes well above average increases in other states.

How much insurance companies collected — and how much more they could have given back to drivers.

The 12% increase is one of the steepest one-time auto insurance increases in memory, by Allstate or any other major industry player, and could add momentum to state senators' recent call for pandemic-windfall refunds.