Missouri Car & Auto Insurance: Allstate Forced To Reduce Rates
David Payne is an experienced insurance and auto accident lawyer serving the Ozarks!
What happens elsewhere in the U.S. can and does have a profound effect on what car insurance will cost in Missouri. A recent conflict concluded with the powerful Allstate to cut California auto insurance rates 15.9%. A Insurance Commissioner ordered Allstate to reduce prices more steeply than the company had wanted.
Allstate, which covers about 1 of every 10 insured cars in California and also many in Missouri, has been ordered to cut its automobile rates by 15.9% -- an average of $124 per car.
While this is not a Missouri case it will have some eventual effect on Missouri insurance rates, this what happened in one Insurance matter.
Years of experience as an injury attorney in Missouri has led me to believe that a constant battle goes on to make sure Insurance companies treat people fairly and within the framework of the law. 
This case will only help Ozarkers and Missouri residents by keeping rates from rising simply at the whim of corporate greed.
Insurance consumers deserve a competitive marketplace in which to shop for the best rates and coverage that meets their needs.
Allstate's reduction is the latest in a series of rate cuts by dozens of automobile insurance companies since 2006. After losing a protracted court challenge, the insurance industry began complying with regulators' requirements.
Allstate had requested permission to lower its rates by 7.1% as part of the settlement process. The department's rate-setting formula calculated a 19.4% reduction was needed.
Allstate contends that it is being unfairly treated in being forced to cut rates by a larger number than other insurance companies.
Score another one for the good guys.
