California Insurance Commissioner Dave Jones and Robert Bouttier, CEO of the Automobile Club of Southern California, announced a rate reduction for Auto Club policyholders in California totaling $70 million.
The reduction represents a decrease of 4.1 percent. It is effective for new or renewed policies after July 1.
“With the economy still recovering, this significant decrease delivers savings to more than one million drivers in Southern California,” Jones said in a statement. “The Auto Club has again stepped-up and put their policyholders’ interests first. They have a history of rate decreases and have set an example I hope other insurance companies will follow.”
New discounts being introduced include increased multi-policy discounts for homeowners’, new group discounts for alumni association members, expanded discounts for medical professionals and CPAs, and student-away discounts for children who are away studying at college and don’t have a vehicle.
“This is the fourth auto rate reduction over the past nine years, collectively saving policyholders over $380 million and continuing to fulfill our ongoing commitment to offer our members the best insurance at the best possible price,” Bouttier said in a statement.
Topics California Auto Personal Auto
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