Prop 103

Consumer Watchdog’s Prop 103 Challenges Bring $227 Million in Insurance Rate Savings

Nonprofit Saves Public $3.4 Billion Over Last 15 Years But Sees Insurance Industry Attack
 
Consumer Watchdog’s challenges filed under Proposition 103 to proposed auto, home and business insurance rate increases saved consumers $227.4 million in 2017, the nonprofit, nonpartisan public interest group said today.
 
Since 2003, the group’s challenges in rate proceedings before the Department of Insurance have saved consumers a total of $3.4 billion. Savings have averaged a little more than a quarter of a billion dollars – $227 million – per year.
 

Civil Rights Groups Call For Public Hearing Into Auto Insurance Price Discrimination

It took a voter revolt 29 years ago to force the insurance industry to start pricing auto insurance in California based on how well and how much you drive, instead of who you are or where you live. Before that, drivers in inner cities and other “undesirable” zip codes (read: low-income, minority) had to pay a fortune for auto insurance, if they could buy it at all. Prop 103’s insurance reforms changed that. Or at least they were supposed to.

Capitol Watchdog is owned and operated by nonprofit Consumer Watchdog. For more information about Consumer Watchdog visit http://www.consumerwatchdog.org

 
 

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