After years of stable premiums, Georgia’s biggest car insurance companies have been pummeling drivers with rate hikes over the past two years.
The increases are the largest in a decade for many of the companies, with some filing more than two rate hikes in a year. The result: Georgia led the nation in 2014 with the highest overall increase in personal auto insurance rates. The state ranked second overall in 2013.
and check out this portion of the article: But another powerful force — Georgia politics — may be just as important in the rising cost of auto coverage statewide. In 2008, lawmakers handed insurers the freedom to increase rates on some types of coverage without first getting state approval. Two years later, a state senator who backed that law was elected Georgia’s insurance commissioner after the reign of two commissioners who prided themselves on being stingy regulators when it came to auto insurance prices.
and check out this portion of the article: But another powerful force — Georgia politics — may be just as important in the rising cost of auto coverage statewide. In 2008, lawmakers handed insurers the freedom to increase rates on some types of coverage without first getting state approval. Two years later, a state senator who backed that law was elected Georgia’s insurance commissioner after the reign of two commissioners who prided themselves on being stingy regulators when it came to auto insurance prices.
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