ATLANTA – Georgia's insurance commissioner says higher auto rates could be in store for some consumers.
Commissioner Ralph Hudgens said in a statement Monday that Allstate has filed an auto rate increase of 25 percent that's expected to be implemented May 22.
Hudgens says he's concerned about the filing and his office is evaluating whether the planned rate increase is legally excessive.
Allstate spokesman Adam Polak said in an email that the rate filing applies to one of Allstate's three underwriting companies in Georgia and represents less than half of Allstate's auto insurance business in Georgia.
Polak says market conditions including the number of miles driven, the number of traffic fatalities and costs associated with repairs have factored into an increase in claims and costs associated with settling them.