Here is a summary of my concerns:
1. Insurance reform on the laws surrounding "mandatory" insurance and brand discrimination. Insurance companies should never be allowed to deny coverage based on a vehicle brand or model.
Example. I drive a Hyundai which is unfortunately part of a national car theft pandemic. I have called numerous national and local insurance companies for a reduction in the yearly bill. I was refused by every one of them because of the brand I drive.
If the law states that everyone must carry auto insurance regardless of age, race, gender, etc. You cannot refuse to insure people based on brand, driving record, zip code or area of the country.
2. Insurance reform on rate determination.
Insurance companies should not be based on credit and zip code but should include income as well. Low-income citizens with poor credit are charged higher rates because of credit rating and zip code and not income.
Example: I signed up for debt consolidation and my score dropped considerably. I am being charged more for my auto insurance because of the lower credit score. I am also currently charged more for my zip code. I should not be held accountable for poor drivers in my area. I do not fall into that group.
3. Insurance reform based on the herd effect.
Companies should never be allowed to charge you based on the surrounding population's driving habits. My rate should be determined solely by my driving habits alone, not the general population.
Example: I have been told on multiple occasions that my rate is based on "drivers in my area" causing the rates to be higher where I live. This should not be allowed.
4. Insurance reform based on value. Brand, the driver should not be continually charged a higher rate within a certain period because of the brand.
If the value of a vehicle drops excessively because of a national theft pandemic of an Example: My Santa Fe was worth $25K in 2023. It is now worth $15K because of the attempted theft, and national theft pandemic. My auto insurance rate has continued to climb by $50 to $80 every six months. This needs to stop.
5. Insurance reform on ticketing.
If a ticket or moving violation drops off a person's driver's license within 24 months. Insurance companies should not be allowed to continually charge a higher rate after the violation drops off the driving record.
Example: I got a ticket over a year ago. This ticket has dropped off my driver's license. I am still being charged for the ticket that is no longer on my driving record.
6. Insurance price gouging reform.
Due to inflation, COVID19, and other economic and natural disaster events. Caps should be placed on commissions and profits. Insurance companies should not be allowed to price gouge consumers based on the consumers brand of vehicle, changes in the economy, or natural disasters.
Example: Because of my brand of vehicle, zip code, area of the state where I live and other natural disasters in the southeast. Once again, I am being charged for everyone around me and not my personal driving history. read more