ATLANTA, GA (WTVM) - Georgia's insurance commissioner is issuing a consumer alert concerning a proposed car insurance rate hike for Allstate Property & Casualty customers in the state of Georgia.
Commissioner Ralph Hudgens says Allstate, the second largest automobile policy provider in the state, has filed an overall statewide rate increase of 25 percent that will be implemented next month.
Hudgens warns some policyholders could see their rates jump as much as 50 percent or more.
"I am deeply concerned about this filing and the impact it could have on consumers," Hudgens said. "Georgia law prohibits me from stopping or delaying this increase unless an actuarial examination proves the rate to be legally excessive."
On Monday, Hudgens directed Georgia department staff to initiate a professional level examination of the Allstate filing to determine if the rate increase is defendable under state law.
If the examination shows the increase is not defendable, Hudgens says he will take every measure allowed to protect policyholders. Allstate plans to implement that rate increase on May 22.
Allstate spokesperson Adam Polak emailed a statement, saying: