The cost of auto claims has soared across the United States since the start of the COVID-19 pandemic, according to the Insurance Information Institute. (Brian van der Brug / Los Angeles...
(Carolyn Cole / Los Angeles Times) By Sam Dean Staff Writer Feb. 16, 2024 3 AM PT California drivers can now buy an auto insurance policy directly from Allstate again, after the company hit...
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White Staff Writer March 27, 2023 5 AM PT California drivers who use State Farm for their auto insurance coverage are facing a premium increase of $263.7 million, the largest total amount...
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Insured a teenage driver ; Credit score decreased ; Received a speeding ticket ; Caused an accident ; Lapse in coverage ; Convicted of a DUI
Major auto insurers are pulling back in the California marketplace because they are saying our drivers are just too expensive to insure. ; Californians are driving about as much as they were before the pandemic, but apparently not as well. ; Auto accidents are up and some insurance companies say they are paying out more than they are taking in. But, the insurance commissioner says the facts don't support their claims. ; From 2020 to 2021, auto insurance losses spiked 25% while premiums increased by only 4.5%, according to the American Property Casualty Insurance Association. The rate and severity of auto accidents are up as well as the costs to cover them.
Consumers - Please visit California's Low Cost Automobile Insurance Program at www.mylowcostauto.com or call 1-866-602-8861 to see if you qualify and locate a certified agent in your local area. Insurance Agents and Brokers (Producers) - Please visit the Automobile Insurance Plan Service Office (AIPSO) at www.aipso.com/PlanSites/CaliforniaLowCost.aspx for more information. California Law requires that all drivers of vehicles within the State maintain evidence of financial responsibility. Califor...