Posted: 5:14 pm MDT July 19, 2010Updated: 7:27 pm MDT July 19, 2010
EL PASO, Texas -- Some insurance companies have cited uninsured motorists as one of the most popular reasons for higher insurance premiums.But even though new data from the Texas Department of Insurance showed more Texans have car insurance, some insurance rates are still going up.Soon after the launch of the TexasSure Vehicle Insurance Verification program in 2008, state officials said 24.28 percent of v registered vehicles in Texas did not have insurance. Department officials said as of June 2010 the number dropped to 21.65 percent of Texas drivers without auto insurance.In El Paso, as of November 2009 115,553 or 21.57 percent of drivers did not have insurance compared to 103, 954 or 20.76 percent of uninsured motorists in June 2010, according to Texas Department of Insurance.Two of the top five insurance providers have asked the Texas Department of Insurance to increase their rates.Experts said insurance companies have other variable that may cause premiums to rise including incidents such as hail storms and administrative costs.Below is a list of the top five insurance companies in Texas and their recent requests for rates to the Texas Department of Insurance.
1) State Farm Mutual filed for a 2 percent increase in July 2010.
2) Farmers Texas County Mutual filed for a 7 percent decrease in May 2010.
3) Progressive County Mutual filed for a 0.5 percent increase in June 2010.
4)Allstate Indemnity filed for a 0 percent change in May 2010
5) Government Employeed Insurance Company (GEICO) filed for a 2.7 percent decrease in June 2010.
Copyright 2010 by KFOXTV.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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More El Pasoans Getting Car Insurance; Rates Still Rise
Posted: 5:14 pm MDT July 19, 2010Updated: 7:27 pm MDT July 19, 2010
1) State Farm Mutual filed for a 2 percent increase in July 2010.
2) Farmers Texas County Mutual filed for a 7 percent decrease in May 2010.
3) Progressive County Mutual filed for a 0.5 percent increase in June 2010.
4)Allstate Indemnity filed for a 0 percent change in May 2010
5) Government Employeed Insurance Company (GEICO) filed for a 2.7 percent decrease in June 2010.
Copyright 2010 by KFOXTV.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.