Current law lets an auto insurance company base its auto insurance premium rates on many factors other than your driving history, including your age, your credit rating, and/or your marital status. HB 80 would prohibit insurance companies from basing quotes for auto insurance on factors that do not relate to your driving practices. They could still use your driving safety record, years of driving experience, miles driven annually and fault claims history.
Insurance Commissioner Trinidad Navarro stated: “I believe drivers’ rates should be based on how they drive, not who they are. I made a commitment to ban discriminatory practices companies use in setting rates.”
Other states have had a similar law for decades and have shown lower premium increases, increased competition, and a decrease in uninsured motorists.
Consumer Reports says “A driver with poor credit pays $2,075 more on average per year, than a driver with excellent credit, and almost $1,000 per year more than a driver with excellent credit and a DUI.”
The insurance company lobbyists will be in Legislative Hall every day working to defeat this bill. The Insurance Commissioner and his staff will be there too working for us, but a call and/or email from you to your state rep and senator is the most effective way to ensure HB 80 passes. You can find out who your legislator is here.