Auto insurance rates are rising sharply in Illinois, as drivers hit the road and repair costs skyrocket – Chicago Tribune*

State Farm, Allstate and Progressive — the three largest auto insurers in Illinois — recently filed for rate increases with the state’s Department of Insurance ranging from 4.8% to 12%, a dramatic shift from the rebates and rate cuts that proliferated during the pandemic lockdown in 2020. The biggest drivers of higher auto insurance premiums are increased prices for new and used cars, supply chain disruptions, the labor shortage and rising medical costs, one analyst said.