SCC To Host Presentations Regarding Auto and Homeowners Insurance Rates in Virginia  

RICHMOND – The State Corporation Commission (SCC) is offering an opportunity for members of the public to hear presentations regarding personal motor vehicle (auto) and homeowners insurance rates in Virginia. The presentations will be held on Thursday, October 24, 2024, at 9:30 a.m. in the Commission's Courtroom C, located on the second floor of the SCC’s headquarters at 1300 East Main Street in Richmond. The presentations also will be broadcast online through a live webcast available through the SCC’s website.

These presentations – from a sampling of auto and homeowners insurers representative of those doing business in Virginia – will address the following:

• Trends affecting rates in Virginia;
• How rates in Virginia compare to rates in other states;
• The outlook for future rate changes;
• Steps being taken or anticipated to control or mitigate rate increases, and
• Options that are available to policyholders to lower rates.

In addition, the SCC’s Bureau of Insurance (Bureau) will provide an overview of its role in the rate process and review for auto and homeowners insurance rates and information regarding the market for these types of insurance in Virginia.

To listen to the presentations, visit Virginia SCC - Webcasts on the day of the presentations.

When considering purchasing auto and homeowners insurance, the Bureau encourages Virginians to shop around and compare costs, additional coverage options, deductibles, limits and any applicable exclusions. The Bureau offers a variety of resources regarding auto and homeowners insurance on its website – including online tools to help Virginians shop for and compare auto and homeowners insurance premiums – at Virginia SCC - Property & Casualty.

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Contact: Katha Treanor, 804-371-9141

INS-2024-00088 - SCC Ex Parte: 2024 State of the Market Presentations as Directed by the Commission