2013.03.20

California auto insurance rates among the highest in the nation

A new article from the Los Angeles times states that California auto insurance rates are among the highest in the nation. In fact, California is the seventh highest in the U.S. according to insure.com. Suprisingly, the state with the highest premiums is Louisiana. According to the author, the reason for this is two-fold: (1) Louisiana's drivers' penchance for auto accident lawsuits; and (2) judges who are "siding with consumers more than insurance companies." First, insure.com is hardly an unbiased resource. It would have been more balanced to present the other side, e.g., consulting a consumer advocacy group, or a personal injury attorney. Second, I highly doubt judges are routinely siding with consumers. In my experience judges tend to go the other way. In any event, you should check out the article here.

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