According to a report by Insure.com, the residents of California experienced some relief in their auto insurance prices when they fell from $1,991 last year to $1,709 now. In 2011, California insurance rates held sixth place in the country for the most expensive annual car insurance premiums. However, this year it has dropped to ninth place. The report did not examine the reason that the prices fell. On the other hand, Louisiana remained in first place, where the average premium for coverage was $2,536 this year. The report claimed that…
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Consumer Watchdog chastises California’s Mercury Insurance for supposed illegal practices
Mercury is looking to raise its auto insurance rates by $89 million in California, a move that consumer advocates are calling “illegal.” Consumer Watchdog, a group concerned with making the California insurance industry more consumer friendly, claims that the insurer is looking to pass a new law that would allow it to raise rates for good drivers that have, simply, not driven for a period of time for any reason. Mercury Chairman George Joseph claims that the legislation the company is backing would save policyholders money, but Consumer Watchdog calls such…
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