SACRAMENTO, Calif., Oct. 25, 2012 /PRNewswire/ -- The number of businesses supporting Proposition 33 now exceeds more than 200,000 throughout the state, the Yes On Prop 33 campaign announced today.
The latest endorsements for the initiative to lower auto rates and promote greater competition come from Long Beach Area Chamber of Commerce and Arcadia Chamber of Commerce, which join dozens of groups and their members in supporting Prop 33.
"These two chambers reflect that businesses large and small and north and south understand the many benefits of Prop 33," said Rachel Hooper, spokeswoman for the Yes On Prop 33 campaign.
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.
Businesses are supporting Prop 33 because they benefit by lower rates stemming from greater competition within the auto insurance industry, said Hooper.
Proposition 33 also makes sense for veterans and other individuals who once had insurance, but were forced to let it lapse for a range of personal reasons. In contrast to the present system, many more people will be protected under Proposition 33, including: people who have been laid off or furloughed for up to 18 months, those who need a break in payment for 90 days for any reason, and even children living with their parents will receive the same discount available to their parents.
For many reasons, Prop 33 has attracted a wide range of other support, including from California highway patrol officers, firefighters, major veterans' groups, leaders from both parties, ethnic organizations, chambers of commerce and consumer groups:
- Prop. 33 means more insured drivers and safer streets.
- Prop. 33 preserves regulatory oversight of rates.
- Prop. 33 restores consumer choice.
- Prop. 33 protects people whose policies have lapsed due to unemployment, illness or other factors.
- Prop 33 helps Californians in the military.
"Once voters look at the Prop 33 for themselves, they'll understand these benefits," said Hooper. "Everyone agrees that drivers who maintain their auto insurance should be rewarded with a discount even if they switch insurance companies."
SOURCE Yes On Prop 33