Allstate to Hike Rates Despite Texas Insurance Commissioner’s Rejection of Rate Increase!
Can you believe it?! Allstate has announced it’s intention to raise the rates charged to its policyholders despite Insurance Commissioner Mike Geeslin’s rejection of Allstate’s 5.9% rate hike earlier this week. Beginning today, every homeowner insured by Allstate will see at least a 5.9% increase when they renew their homeowner’s policy. Policy holders living along the coastline will see even steeper increases. This comes amid national media attention about Allstate’s abusive claims handling practices and after years of overcharges by the insurance industry in Texas.
