Consumer Federation of America Urges Maryland Committee to Reform Auto Insurance Workgroup, Include Voices of Consumer Advocates

In written testimony to the Maryland Senate Finance Committee, the Consumer Federation of America urged the Committee to support SB 865-Workgroup on the Affordability of Private Passenger Automobile Insurance-Extension and Alteration of Membership and Duties.

At a time of rising auto insurance costs, this reformed workgroup would be structured to make recommendations on reducing auto insurance premiums, including recommendations regarding insurers' use of socioeconomic rating factors in pricing Marylanders, and it would include additional voices of consumer advocates. Rising premiums and auto insurers' use of socioeconomic factors have made auto insurance expensive and often unaffordable for many Maryland drivers.