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Jun 13, 2006 -- Drop towing riders from your insurance

Clark talked recently about how getting tow service from your insurance company can boost your rates if you use the service. The report got people up in arms and he has some follow up news for you. The story first came out in Consumer Reports, a magazine Clark highly respects. It said that AllState, State Farm and Geico all either raise your rates or report you to other deciding bodies. Clark wanted to contact the biggest insurer - State Farm – to see what they had to say. And, it is true. If you’re a State Farm, All State, Geico or Nationwide customer, discontinue the towing rider from your coverage. If you need the towing coverage, get it from Costco or BJ’s instead. Read State Farm's response

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  • Towing Insurance
    I checked with my Allstate agent and he said, "I have confirmed this is not accurate for Allstate. Our computer algorithms do not take towing into consideration for rate increases or even non-renewals. Just like any service if it was being abused a company such as Allstate might request that particular coverage be taken off."
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