Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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. 

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.