Monday, May 3, 2010

Guest Opinion: No on Proposition 17

The ballot measure wouldn't promote competition in auto insurance and should be defeated

Excerpt:

“Mercury Insurance is leading efforts to remove that prohibition on the grounds that it reduces competition. The ballot initiative it funded, Proposition 17, would let insurers offer discounts to new customers who'd maintained uninterrupted insurance coverage for at least five years with other companies. Customers who had no previous coverage or who'd let their policies lapse for more than 90 days would face higher premiums. This would be a step back toward a rating system that charges people based on the category they fit into, not how well they drive, and its supporters haven't offered a persuasive reason for such a departure from the spirit of Proposition 103.”

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