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Prop. 17 Will Make the Auto Insurance Market More Competitive,
Lead to Lower Prices. Get Involved Today!
The Alliance of Insurance Agents and Brokers has formally endorsed Prop. 17, the Continuous Coverage Auto Insurance Discount Act, on the June 8, 2010 ballot.
Prop. 17 changes existing auto insurance law to allow insurers to offer both new and existing customers a discount for having maintained continuous auto insurance coverage. This discount is also known as the persistency discount.
What’s the problem?
Under current law, insurers only can give this discount to their existing customers, penalizing drivers with a surcharge since they can’t take the discount with them if they want to switch companies in an effort to find lower rates.
The Solution = Prop. 17
Today, more than 80% of California drivers keep auto insurance and qualify for this discount and will directly benefit from Prop. 17. By making the continuous coverage discount portable, Prop. 17 fuels competition, choice and lower prices in the auto insurance marketplace.
While we all know the auto insurance market is competitive today, Prop. 17 levels the playing field between all insurers, increasing competition even more and driving prices even lower. As agents and brokers, this will help us deliver our clients the lowest possible rates.
6 WAYS YOU CAN GET INVOLVED IN THE YES ON 17 CAMPAIGN TODAY!1. Join the coalition at www.yesprop17.org2. Join our Facebook page3. Post signs in your window and in your place of business. Go to www.YesProp17.org/agents and tell us what you want to see!4. Add an email tag to your signature block! Simply write this phrase at the bottom of your email to spread the word!
Prop 17. Take Your Discount and Save! www.YesProp17.org
5. Sign up to get trained as a spokesperson to speak at local events and at community meetings. Call 916-325-0056 to get trained! 6. Write letters to the editor |
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