If an affinity group truly has better experience, then the appropriate pricing should be allowed. With the DOI prohibiting affinity groups as well as credit scores in rating autos, the DOI, in effect, is allowing higher rates for middle class people who are responsible citizens in order to subsidize others. I wonder if groups like teachers, firefighters and engineers realize what this proposal means to them in the long run.
This is nothing more than liberal politicians looking for more things to regulate and make the service or commodity pay a “tax” or cost more. We need less government intervention. Trump 2020.
I would consider this a non-partisan issue in that people all over the political spectrum want a rate to reflect the true risk of the account. Educators, as a group, tend to be more liberal than the general population, but would be disappointed to lose their discounts from Liberty Mutual or California Casualty. They get the discounts because their driving experience tends to be superior to the general population.
The other thing to consider is that with some many markets to choose, consumers have a better situation if some competitors award discounts while others do not. The consumer has the ability to shop for the best deal for their situation. An independent agent can compare prices for several markets. Price regulation makes more sense for utilities or even hospitals where monopolies exist at a global or local level.
If an affinity group truly has better experience, then the appropriate pricing should be allowed. With the DOI prohibiting affinity groups as well as credit scores in rating autos, the DOI, in effect, is allowing higher rates for middle class people who are responsible citizens in order to subsidize others. I wonder if groups like teachers, firefighters and engineers realize what this proposal means to them in the long run.
This is nothing more than liberal politicians looking for more things to regulate and make the service or commodity pay a “tax” or cost more. We need less government intervention. Trump 2020.
I would consider this a non-partisan issue in that people all over the political spectrum want a rate to reflect the true risk of the account. Educators, as a group, tend to be more liberal than the general population, but would be disappointed to lose their discounts from Liberty Mutual or California Casualty. They get the discounts because their driving experience tends to be superior to the general population.
The other thing to consider is that with some many markets to choose, consumers have a better situation if some competitors award discounts while others do not. The consumer has the ability to shop for the best deal for their situation. An independent agent can compare prices for several markets. Price regulation makes more sense for utilities or even hospitals where monopolies exist at a global or local level.