A bill that costs the citzens of Alabama more money, while making the insurance companies richer and therefore able to pay more lobbyists to control our government so they'll keep passing laws like these.
Gee, thanks y'all.
Governor Riley blocked the increase in auto insurance rates, not because he thought the government should mind its own business and not be in bed with the insurance companies, but because he didn't think the bill allowed for enough time for citizens to change their coverage and be in compliance with the law. It's a bad law but ignoring it will only get you sent to jail. Been there, done that.
Here is what the new increases will look like once the increases take effect.
$25,000 in coverage for one injury or death, $50,000 for multiple injuries or deaths, and $25,000 for property damage. The current requirements are $20,000, $40,000 and $10,000, respectively.
Since we are all going to have to adjust our coverages I thought I would post this car insurance website where you can compare quotes from all the top agencies by filling out just one form. Yiou can also either buy online or use the call center to buy via phone.
My monthly premium is rising from around $38 a month to $57.80 a month. How much are your rates going up?
(NOTE: This is a sponsored post)