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IL Auto Ins Rates Going Up; State Farm Steady Following Fall Hike

Wed, 08 Jan 2014 16:59:20 CST
By: AP


Bloomington-based State Farm Insurance says it's not raising rates, but many other insurers are. Northbrook-based Allstate says in a regulatory filing rates for customers will climb between 2.5 and 3.5 percent later this month. Esurance rates are rising about 3.2 percent in late January, while Geico expects to boost prices by 2 to 3 percent in March. American Family expects to boost rates about 2 percent in February. Progressive will lower rates by 1 percent, although the decrease comes after the insurer hiked rates by 11 percent almost two years ago. State Farm did raise their rates by 3-to-4 percent in September.

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