The California Department of Insurance (CDI) announced the latest edition of the Automobile Insurance Premium Comparison Survey on its web site at www.insurance.ca.gov. The new Automobile Insurance Premium Comparison Survey provides a baseline of premium information and is another tool consumers and policyholders can use when shopping for automobile insurance.
While the survey does not provide rate quotes, it does offer consumers useful information when searching for automobile insurance. Because individual driver characteristics are unique, consumers should contact an agency or company directly for rate quotes for their specific situation.
In accordance with California Insurance Code Section 12959, the California Department of Insurance (CDI) surveys the licensed insurers admitted to transact insurance in California and asks them to provide premium comparisons for various lines of personal insurance.
The survey is based upon several scenarios or hypothetical risks, which take into account the most common variables used to calculate automobile insurance premiums. The results of these surveys provide consumers with a premium comparison for what the consumer may be charged by an insurer in a specific scenario.
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