California
fromInsideHook
2 weeks agoCalifornia Cracks Down on Luxury Car Registration Loopholes
High auto insurance rates and taxes drive some citizens to creatively handle vehicle registration, often leading to ethically dubious practices.
The company is recommending an average 2.6% statewide rate decrease for personal lines accounts beginning on June 1. Personal lines accounts include multi-peril and dwelling/fire coverage of owner-occupied single-family homes, condo units, and mobile homes. It also includes wind-only hurricane coverage. Across the state, a projected 463,096 policyholders would save an average premium savings of $359 compared to 2025. The company projects that 228,961 personal lines policyholders in South Florida's tricounty region would see rates decreased by more than 11%.