Home › Auto Insurance Proposition 103

Auto Insurance Proposition 103

News Release
6/19/2013
Posted by Harvey Rosenfield
Santa Monica, CA – Californians spent less per year on auto insurance in 2010 than they did in 1989, a rate reduction that no other state in the nation achieved according to a new Consumer Federation of America analysis of insurance industry data. California voters approved Proposition 103 in 1988 to regulate auto insurance rates and the...
News Story
5/23/2013
Posted by Mark Reback
The average policyholder will see a $65 reduction in his or her annual bill. It's the Auto Club of Southern California's fourth rate decrease in the last nine years. About 1 million customers of the Automobile Club of Southern California will get an average $65 reduction in their annual car insurance bills, the auto club and the state...
News Release
5/22/2013
Posted by Doug Heller
Santa Monica, CA – California drivers insured by Auto Club of Southern California will receive an average rate decrease of 4.1% after the company agreed to lower premiums following discussions with the California Department of Insurance and Consumer Watchdog.  The nonprofit Consumer Watchdog challenged a 2012 Auto Club filing with the...
News Story
5/9/2013
Posted by Mark Reback
Huge insurer Mercury Insurance Group has lost part of its ongoing legal challenge over homeowners insurance rates. Sacramento Superior Court rejected Mercury's petition to delay implementing a rate decrease ordered by state regulators. As a result, about 270,000 Californians who insure their homes through Mercury will save more than $16.5...
News Release
5/8/2013
Posted by Doug Heller
Santa Monica, CA – Mercury Casualty Company must implement an 8% rate decrease to its homeowners insurance rates as required by California Insurance Commissioner Dave Jones, according to a ruling issued by Sacramento Superior Court Judge Eugene L. Balonon on Tuesday, denying Mercury’s request to delay the decrease from taking effect....
News Release
4/29/2013
Posted by Mark Reback
Santa Monica, CA -- Mercury Insurance Company’s latest attempt to escape responsibility for overcharging tens of thousands of California motorists has been rejected by the courts. Facing hundreds of millions of dollars in fines in an administrative proceeding now being prosecuted by the California Department of Insurance, Mercury had asked...
News Story
11/19/2012
Posted by Daniel Palay
Tom Steyer wore the same plaid wool tie that he wore the last time, and the time before that, and the time before that. "It's superstition," he said, in his office at One Maritime Plaza, which has a billion-dollar view of Coit Tower and San Francisco Bay. As he often does, he used a pen that morning to draw a simple cross on his...
News Story
11/7/2012
Posted by Mark Reback
SACRAMENTO -- Voters rejected Proposition 33, a measure that would have allowed car insurers to offer discounts to drivers who maintain continuous coverage and raise rates on those who do not have a consistent history of coverage. Current state law enables insurers to offer loyalty discounts to drivers who maintain coverage with one company,...
News Release
10/30/2012
Posted by Jamie Court
Santa Monica, CA -- Consumer advocates today produced evidence that Mercury Insurance company, the backer of Prop 33, discriminated against members of the military by overcharging or refusing to sell them auto and homeowners insurance policies. Prop 33 on next week’s ballot would roll back a 24-year old consumer protection in California and...
News Story
10/29/2012
Posted by Mark Reback
Click here to view the original Op-Ed commentary. Answer just one question, and you'll know how you should vote on Proposition 33: Should you pay more for your car insurance if you stopped driving for a time because you couldn't afford a car, didn't own one or lived for awhile in a city where you didn't need one? The insurance...