Insurance rate increase – IF YOUR INSURANCE CARRIER IS NATIONWIDE, ALLSTATE, USAA, LIBERTY MUTUAL, OR STATE FARM, YOU SHOULD READ THIS AND CONTACT US TODAY!
Unfortunately, you will soon be experiencing a substantial rate increase if your insurance is placed with Nationwide, Allstate, USAA, Liberty Mutual, or State Farm, expect an insurance rate increase.
Nationwide is increasing their rates 6.2%, with an effective date of April 1, 2018! Seriously, whose side is Nationwide really on?
Allstate is increasing their rates by 6.9%, with an effective date of March 15, 2018! Are you really in good hands?
USAA increased their rates by 6.9%, with an effective date of January 15, 2018! Is that truly serving members?
Liberty Mutual Group increased their rates by 6.0%, with an effective date of March 24, 2017! Hiking rates. That’s their policy. We’re now seeing them in a whole new light.
State Farm’s rates are expected to increase by 6.7%! We think it’s time for a NEW neighbor.
Despite not filing claims and remaining a low risk customer, you may still have noticed an increase in your insurance rates…and again, if you haven’t, you will.
Insurance Rate Increase, WHY?
| COMPANY | RATE TAKEN | EFFECTIVE DATE |
| Nationwide Corporation Group | 6.2% | 4/1/18 |
| Allstate | 6.9% | 3/15/18 |
| USAA | 6.9% | 1/15/18 |
| Liberty Mutual | 6.0% | 3/24/17 |
| State Farm | 6.7% | TBD |
Insurance companies pay out billions of dollars in claims yearly. Sometimes, they have to pay out more in claims than they make in premiums. To compensate for their lost profits, costly claims, declining investment revenues, and dwindling cash reserves, they have to increase their rates.
Why feel forced to pay more? Allow us the opportunity to complete a thorough analysis on all your options and take advantage of all the available discounts. You make sure you have adequate coverage while taking the path that offers the greatest savings.
Although you can call around dozens of insurance companies, we’ve done the work for you. We can save you time and of course get you into the best coverage at the best price. To find out how much you can save, contact us.
Source: California Department of Insurance – Approved Rate Filings
