Prop. 33 Helps California Women Save Money for Their Families More Competition and Consumer Choice Will Drive Down Auto Insurance Rates
SACRAMENTO, Calif., Nov. 1, 2012 /PRNewswire/ -- Proposition 33 will offer financial relief for women, families and heads of households by lowering auto insurance rates, which will help Californians make ends meet and offset high gas prices.
"Simply put, Proposition 33 is good policy that will lead to lower rates by encouraging more competition among insurance carriers in California," according to the highly respected consumer group, the Greenlining Institute, which endorses YesProp33.
Lower rates help California families.
"In this tough economy, every penny counts for family budgets," said Rachel Hooper, spokeswoman for the Yes On Prop 33 Campaign. "Prop 33 will save our families hundreds of dollars by allowing us to keep our existing car insurance discount when we shop around for a better deal. Right now, insurance companies own that discount."
"And, if you have driving age children living at home, Prop 33 will also save you money. It allows your young drivers the same discount available to their parents," continued Hooper.
Prop 33 also includes provisions that protect the continuous coverage history of those who suffered from the economic downturn. If you are unemployed for up to 18 months, you are protected and get to keep your discount.
Proposition 33 allows drivers to switch insurance companies and keep their continuous coverage discount. This gives the consumer control and allows them to shop their discount with any company they choose, forcing insurance companies to compete harder, lowering prices and insuring more Californians.
"Women, especially moms, are supporting Prop 33 because their families will benefit through lower rates stemming from greater competition within the auto insurance industry," said Hooper.
In addition to female California consumers, Prop 33 has attracted a wide range of other support, including from California law enforcement, firefighters, major veterans' groups, leaders of both political parties, ethnic organizations and Chambers of Commerce. Supporters are drawn to the fact that Prop 33:
- Lowers auto insurance rates
- Means more insured drivers and safer streets
- Restores consumer choice
- Preserves state regulatory oversight of rates
- Protects military personnel and others whose policies have lapsed due to unemployment, illness or other factors
When insurance companies used a discount, California had a law similar to Proposition 33 from 1996-2002, the number of uninsured motorists dropped by almost half.
"California women and all consumers deserve a reward for being responsible and purchasing car insurance," said Hooper. "Proposition 33 lets them shop around their discount for a better deal."
SOURCE Yes On Prop 33