Aug 25
Insurance Options May Open Up In California
A new insurance option may be put on the table for California motorists in the future. State legislators and California’s Department of Insurance are currently discussing a “pay as you go” type of automobile insurance for consumers. This coverage will be determined by the true mileage and will provide drivers who drive less to receive a break in their yearly premiums.
The new bill is sponsored by Jared Huffman and is universally supported by insurers. Assembly Bill 2800 (AB 2800) is a concern by consumer advocacy groups. These groups believe that the bill allows for unfair discriminatory ratings for motorists and will invade the privacy of the consumers who support it.
The basic idea of the new bill is to motivate California residents to drive less and hopefully that will reduce the amount of carbon emissions that pollutes the air. But wow! It’s a great incentive for everyone! Those who feel they can’t afford insurance might be encouraged if the bill was lower. California is often a trendsetter for forward thinking policies. Keep your fingers crossed that they not only implement this new pay-as-you-go plan but inspire other states to follow suit.
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