Back in 1984, the California Legislature passed a law requiring drivers to have auto insurance… but didn't limit how much insurers could charge. Predictably, insurers hiked prices by double digits. Voters revolted against the price gouging by passing Prop 103, and the result was billions in savings. Prop 103 has saved California drivers...
By Harvey Rosenfield
I'm truly humbled. It was a big deal when, 25 years ago this month, you and other California voters joined with me to pass Proposition 103, the toughest auto insurance regulation in the nation. But I had no idea exactly how big. Today, in downtown Los Angeles, the Consumer Federation of America released the findings of a new report: Prop 103...
CONTACT J. Robert Hunter & Tom Feltner, CONSUMER FEDERATION OF AMERICA
Washington, D.C. – In a report released today, the Consumer Federation of America (CFA) studied state auto insurance rate regulation in every state. It found that, over the past quarter century, auto insurance expenditures in America have increased by 43 percent on average, with the median state, Wisconsin, jumping 56 percent....
By Harvey Rosenfield
Auto insurance rates in California have to be based primarily on a motorist’s driving safety record, the number of miles you drive each year, and how many years you’ve been on the road. That’s one of the mandates of insurance reform Proposition 103, approved by California voters in a David versus Goliath battle with the...
Prop 103 has resulted in lower premiums than 25 years ago
CONTACT Carmen Balber
Santa Monica, CA – The Field Poll released a survey today finding that 50% of California voters have difficulty affording health care, and 73% say insurance costs are the most difficult to afford. California voters will soon have the chance to make health insurance more affordable by requiring insurance companies to publicly justify and get...
By Jamie Court
California is the only state in America where drivers spent less per year on auto insurance in 2010 than they did in 1989. That startling fact comes from the insurance industry’s own data just analyzed by the Consumer Federation of America. The group’s report credited California’s insurance reform Proposition 103 -- the toughest...
Only In California -- Auto Insurance Costs Less Than It Did 25 Years Ago, Says New Analysis By Consumer Federation of America
CONTACT Harvey Rosenfield & Carmen Balber
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...
Auto Club of SoCal Agrees to Cut Car Insurance Rates By $70 Million, After Originally Proposing No Reduction
CONTACT 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...
Court Refuses Mercury’s Request To Delay Homeowners Insurance Rate Decrease Required By Insurance Commissioner
CONTACT Douglas Heller & Carmen Balber
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....