South Carolina reforms auto insurance
If the number of insurance companies of activity in the state.
Reduce the price of auto insurance for many motorists.
Make sure that premiums are a fair price.
The law, ie
Allows insurance companies more flexibility in pricing through the establishment of a flex band rating, which allows them to increase the annual premium up to 7 percent, without seeking the Approval by the State Department of Insurance.
Stop making good drivers pay to insure bad drivers by removing the “recoupment” fee for each driver, the State.
Created the “mandate to write” need to sell insurance that must be a policy for all owners of vehicles, South Carolina, needs insurance and had a valid driver’s license. The new law allows companies to decide whether to ensure a pilot, on the basis of risk factors in relation to the various drivers and automobiles.
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