Raising insurance rates
Alabama Insurance Commissioner David Parsons gave State Farm’s auto insurance companies a rate increase.
The companies provide about one-fourth of Alabama-pilot.
The Department of Insurance hold a public consultation on Wednesday proposals by Secretary of State car Farm Mutual Insurance Company and State Farm Fire & Casualty.
State Farm Mutual is strengthened their prices by an average of 5.1 per cent. State Farm Fire & Casualty, ensures the driver against the latest claims, it is the migration of their price on average 11.7 per cent.
The increases are effective February 1,
Montgomery-based Alfa Insurance, the state’s second to 17 per cent of the market, and Allstate, the fourth largest with 6.5 per cent have not yet increased.
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