Sweeping bill aimed at lowering auto insurance rates passes Louisiana House, heads to Senate
A sweeping proposal to change Louisiana’s legal system to drive down costs for auto insurers, a measure proponents say would reduce auto insurance rates, was approved by the Louisiana House of Representatives Tuesday night after a lengthy debate over why the state’s auto rates are so high and how to best address them.
State Rep. Kirk Talbot, R-River Ridge, said his bill would make the state’s auto insurance market more competitive and require auto insurers to pass their cost savings from the bill to consumers.
Louisiana has some of the nation’s highest auto insurance rates, ranking second-highest in the country this year, according to Talbot.
“The only guarantee is if we don’t do anything this time next year we’ll be No. 1 instead of number two,” he said.
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