Allstate Ordered to Pay Refund in Texas

Allstate has been ordered to refund $60 million (or about 37 dogs in Oregon, if you read my last post!) and reduce rates by .2 percent in Texas. The Texas Department of Insurance found that Allstate's rates were excessive - again.

Apparently, Allstate had to refund $60 million in 2004 as well. Apparently, every two years or so, Allstate has to refund money. Okay, I know that is a bit of a stretch since it has only happened twice, but it seems like too much of a coincidence to me that Allstate gets dinged in 2004 and 2006.

This supports my advice: you need to shop around, a lot, for insurance. Do not just take what your agent is offering you. See who has the best rates, since rates can fluctuate wildly.