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August 18, 2006
State Farm to End Zip-Code Based Auto Insurance Rates, Will Lower Prices for Millions of Drivers; Insurer to Comply
Nearly 18 years after California voters enacted Proposition 103, State Farm, the nation's largest auto insurer, has agreed to follow the 1988 initiative's rule that insurance premiums be based on driving records rather than ZIP Code. Yesterday, a California Appeals Court rejected a last-ditch effort by insurance companies to block enforcement of regulations ending ZIP Code-based premiums issued
Posted by Joe at August 18, 2006 08:12 AM
