Allstate auto insurance rates jump 14% in Illinois. State Farm is up more than 8%. Both companies say inflation is to blame. [Chicago Tribune]
State Farm wasn’ t far behind, increasing rates by more than 8% for Illinois drivers in August. State Farm, Allstate and Progressive— the three largest auto insurers in Illinois— all filed for rate increases with the state’ s Department of Insurance this year, a dramatic shift from the rebates and rate cuts that proliferated during the pandemic lockdown in 2020..
Allstate auto insurance rates jump 14% in Illinois. State Farm is up more than 8%. Both companies say inflation is to blame. [Chicago Tribune]
State Farm wasn’ t far behind, increasing rates by more than 8% for Illinois drivers in August. State Farm, Allstate and Progressive— the three largest auto insurers in Illinois— all filed for rate increases with the state’ s Department of Insurance this year, a dramatic shift from the rebates and rate cuts that proliferated during the pandemic lockdown in 2020..