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Uploaded: Saturday, February 9, 2013, 8:42 AM
Updated: Tuesday, February 12, 2013, 7:18 AM
Homeowners insurance rates dropping
State commissioner says rates could drop by an average of 12.5%
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A statewide rate change will see homeowners' insurance rates drop by an average of 12.5% statewide under a change announced this week by state insurance officials.
In San Francisco, State Farm Insurance announced rates in that city will be reduced an average of 8.5%, resulting in an average annual savings of around $100 for homeowners
"As the economy continues to recover, this rate reduction will no doubt alleviate some of the financial burden many homeowners are experiencing," Insurance Commissioner Dave Jones said in a statement. "I'm pleased to help Californians hold on to more of their hard-earned money."
State Farm said its rate reductive will take effect for policy renewals starting April
15.
The Department of Insurance has approved more than a dozen rate reductions since 2011, resulting in more than $1 billion in savings for consumers and businesses, Jones said. — Bay City News Service Are you receiving Express, our free daily e-mail edition? See a sample and sign-up for Express.
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Posted by tim, a resident of the Vintage Hills Elementary School neighborhood, on Feb 10, 2013 at 5:54 pm great, i can use these savings to pay my 22% health insurance increase from obomacare.
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Posted by AntiDittohead, a resident of the Another Pleasanton neighborhood neighborhood, on Feb 10, 2013 at 7:11 pm ... which is as yet uncalculable, and won't kick in until 2014 at any rate. But listen to Rush, Dittohead, and make a clown of yourself.
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Posted by tim, a resident of the Vintage Hills Elementary School neighborhood, on Feb 11, 2013 at 12:10 pm don't be a hater
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Posted by liberalism is a disease, a resident of the Birdland neighborhood, on Feb 11, 2013 at 2:08 pm
liberalism is a disease is a member (registered user) of PleasantonWeekly.com Apparently, antidildohead hasn't seen the latest CBO projections, while formulating his defensive position for his messiah's plan:
Web Link
It may be 'incalculable' for you, but all you had to do was look up the CBO's revised projections. I guess fact finding is harder work than assuming, diverting and complaining about the failure of this administration to deliver on their campaign promises. Back to the drawing board, comrade.
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