Allstate raising car, home insurance rates
Allstate is raising car and home insurance rates in Illinois by an average of 3 percent and 8 percent, respectively, according to state filings.
The Northbrook-based insurer is the state’s second-biggest property and casualty carrier for consumers after State Farm.
The increases are bigger than others Allstate has instituted this year in other states.
The Illinois homeowners’ increase takes effect Oct. 27; the car hike takes effect Thursday.
Allstate spokeswoman Shaundra Turner Jones said the hikes will allow the company to keep up with rising costs. She said the increase equates to an average of about $3 more per month on an auto policy and $10 more on home insurance.
She encouraged policyholders to talk with their local agent about discounts for which they may be eligible to help offset these increases, including Allstate's Full Pay discount and Easy Pay discounts. Higher deductibles can also keep premium costs lower.
Allstate’s other insurance lines include Encompass and Esurance.