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Tesla Insurance Losses, Customer Complaints Continue Mount | Insurify

Tesla Insurance lost more money in the second quarter of 2024 than in the first quarter. Its loss ratio — the metric insurance companies use to measure profitability — increased from 99.8% in the first three months of the year to 107.4% in the second quarter, P&C Specialist

USAA Home Insurance Rates Climbing for 265,000 California Homeowners | Insurify

Home insurance rates are about to increase dramatically for hundreds of thousands of California policyholders. State insurance regulators recently approved rate increases for two of USAA’s largest subsidiaries. USAA is the sixth-largest home insurer in California. Rates will increase for home and condo policyholders The California Department of

Average Car Insurance Rates as of November 2024 | Insurify

National car insurance rates remained fairly stable through October. The national average monthly cost of liability car insurance held at $104, while the full-coverage average fell to $194, Insurify data shows. In most states, minimum-coverage auto insurance rates remained unchanged or moved by a few dollars up or

ASI Policyholders Face Steep 30% Homeowners Rate Increase in 2025 | Insurify

California homeowners with ASI Select insurance policies could see their premiums jump by 30% when their policies come up for renewal in 2025. On Nov. 26, the California Department of Insurance (CDI) approved ASI’s request for the double-digit rate increase that will affect more than 36,000 homeowners

Another Insurer Hiking Homeowners Rates in California | Insurify

California regulators approved a request by MAPFRE Insurance Company, a relatively small insurer in the state, to increase home insurance rates by 6.5%. The approval means policyholders whose contracts with the insurer renew after April 4, 2025, can expect their premiums to increase. The higher rates will also apply

Average Car Insurance Rates as of December 2024 | Insurify

Average car insurance rates were a very mixed bag in November, according to Insurify data. As of Dec. 1, the national average cost for full-coverage car insurance was $193 per month — $1 less than the November average. Meanwhile, the national liability average increased by $1 to $105 per month.

Amica OK to Hike Home Insurance Rates by 21% in California | Insurify

California homeowners, renters, and condo owners with property insurance through Amica could soon see their premiums rise again. On Dec. 2, the state’s department of insurance approved Amica’s request to raise rates for nearly 40,000 policyholders. Homeowners will see increases of around 21%. Rates will rise 4.