OrionAuto Lowers Rates In Illinois, Indiana and North Dakota
30 June 1999
OrionAuto Lowers Rates In Illinois, Indiana and North DakotaDENVER, June 29 -- OrionAuto, formerly Guaranty National Insurance, a nonstandard auto insurer headquartered in Englewood, Colorado, has lowered rates in Illinois, Indiana and North Dakota for the second time this year. In Indiana, the Company announced an average rate decrease of 3.9 percent. This includes a 4.5 percent decrease on one-month policies and an average decrease of 3.2 percent on six-month coverages. In neighboring Illinois, where OrionAuto is in the process of implementing an electronic agency interface system called Orion AutoLink, rates were decreased an average of 1.4 percent. This includes an average decrease of 1.5 percent on monthly policies and 1.2 percent on six-month coverages. In North Dakota, OrionAuto six-month rates were lowered an average of 3.8 percent. Physical damage coverages were lowered approximately six percent. The new rates will have particular impact on urban areas. In Indiana, one-month policyholders will experience decreases ranging from close to 16 percent in Elkhart to 10 percent in Crown Point. Terre Haute drivers will see rates decreased by 15 percent and South Bend rates will decline by 12.6 percent. Urban Illinois will be favorably affected, as well. Drivers in Springfield, Belleville and Alton will see an 11-14 percent rate reduction, while drivers in Peoria, Urbana and Jacksonville will experience an 8-11 percent reduction. North Dakota drivers can expect to see lower liability rates, especially in the cities of Fargo, Bismarck, Minot, and Jamestown. OrionAuto has been in business for over 40 years and operates through independent insurance agents in 36 states. The Company writes nonstandard private passenger automobile insurance through eight insurance affiliates which carry A.M. Best ratings of "A(Excellent)" or "A-(Excellent)." OrionAuto is one of three wholly-owned subsidiaries of Orion Capital Corporation , a Fortune 1000 company with assets in excess of $4.0 billion.