Most major carriers have been pursuing rate increases in reaction to higher used car values and inflation in parts and labor costs. Allstate, for example, said it has implemented 72 rate increases averaging approximately 10.3% across 51 locations since the start of 2022. Allstate and GEICO will each take in nearly $200 million in additional premium nationwide as a result of auto insurance rate increases implemented in April, according to an analysis by S&P Global Market Intelligence.