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Allstate Insurance Co. believes one of the “most straightforward” ways of reducing the cost of auto insurance is to lower the amount of coverage that is required.

Allstate’s comments were made in a letter to the Federal Insurance Office, which has initiated a study of the affordability and availability of auto insurance. In its letter, signed by Edward T. Collins, vice president and assistant general counsel, Allstate suggests revising legal requirements that force low-income individuals to purchase coverage they do not need, which could lower costs and make insurance more affordable. 

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