Less importance will be placed on where you live versus your driving record. A seemingly common sense approach that has been waiting in the wings since proposition 103 passed in 1988. Almost 20 years later Garamendi has made the smart choice of “making the spirit of prop 103 a reality.”
Insurers will have two years to fully comply with the new regulations and must show some progress towards complying within the first year.
I can’t wait to see it in action with my own policy. Premiums tied to your good driving record instead of where you happen to live? What an idea.
» California Insurance Commissioner Speaks Out On Intimidaiton Tactics from TheInsurancePolicy
California Insurance Commissioner John Garamendi revised regulations for auto insurance premiums on April 26. I wrote about this topic in an earlier post and the positive benefit for good drivers. Auto insurance premiums will be based on yo... [Read More]
Tracked on: May 9, 2006 12:38 PM | Permalink to Trackback