Allstate is upping its rates for customers in Illinois.
The Northbrook-based insurer will be increasing its car and home insurance rates in the state by an average of 3 percent and 8 percent, respectively.
Allstate spokeswoman Shaundra Turner Jones said the increase equates to an average of about $3 a month per auto policy and $10 a month per home policy.
“The reason for this change is to keep up with rising costs,” she said in a statement. “Customers are encouraged to talk with their local agent about discounts for which they may be eligible to help offset these increases, including our Full Pay discount and Easy Pay discounts, among many others. Customers can also work with their local agent to migrate to higher deductibles as a way to help keep premium costs lower.”
The increases, which are larger than ones implemented by the company in other states, both take effect this month-- The homeowners’ hike takes effect Oct. 27 while the car increase begins Thursday, the Chicago Tribune reports.
The insurance company is reportedly Illinois’ second-largest property and casualty carrier, following State Farm.