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SACRAMENTO, Calif., Feb. 19, 2021 /PRNewswire/ Draft regulations released by the Department of Insurance Thursday move California one step closer to stopping auto insurance discrimination that has allowed insurers to overcharge lower income and minority drivers for decades, said Consumer Watchdog. The rules follow a petition submitted by Consumer Watchdog and ten civil rights and community groups to ban the use of job and education level in auto insurance rating.
California Proposition 103, enacted by voters in 1988, required auto insurance prices to be based primarily on how a person drives – driving record, miles driven annually, and years of driving experience. It also allowed groups of consumers to band together and negotiate discounts for their members. However, insurance companies have for decades illegally subsidized discounts for drivers with white collar occupations and college degrees by forcing other drivers to pay more.