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Study: Calif. drivers saved billions

April 24, 2008 6:36:19 AM PDT
Good news for drivers: Insured drivers have saved nearly $62 billion in auto insurance rates over 20 years, thanks to proposition 103.That's according to a national study by the Consumer Federation of America, which released a report Thursday morning.

The group said California has the best auto insurance regulation in the nation, with the slowest growing premiums.

At a news conference Thursday, the group says it will also discuss changes in auto insurance rates that take effect this summer that will lower rates for good drivers.

 

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