Some California drivers will be getting a nasty surprise when they open their car insurance bills this year. RonWLATimes reports:
Some California drivers will be getting a nasty surprise when they open their car insurance bills this year.
Higher rates for Geico, Mercury and others are just now showing up in insurance renewal letters that customers receive. “These insurance companies still owe consumers from the COVID era,” said Jamie Court, president of Consumer Watchdog, the Santa Monica nonprofit that sponsored Proposition 103, the 1988 voter initiative that limited how much insurers can charge for auto, home and casualty insurance. “The commissioner should not be granting rate hikes when he still hasn’t been able to compel them to give rebates for the times when we weren’t driving,” Court said.
that found premiums rising nationwide as people drive more miles, drive less safely and wreck increasingly expensive cars.Household budgets, already stretched thin as the price of everything from rent to eggs soars, are being pummeled by monster bills for natural gas.
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