California has expanded its low cost auto program to 20 more counties in the state enabling low income drivers to purchase auto liability coverage for under $400 a year.
State Insurance Commissioner Steve Poizner made the announcement today saying that the California Low Cost Automobile Insurance program would be expanded.
The program is now available in 42 counties in the state, providing eligible low-income, good drivers with state required liability coverage. The department said that since its inception, 34,161 policies have been issued. Policies are issued by licensed insurers and administered by the California Automobile Assigned Risk Plan.
The plan is not subsidized by taxpayers. Rates are set in each county so that premiums are sufficient to cover losses and expense in each county, the department said.
Mr. Poizner announced he is seeking to expand the program into the state's 16 remaining counties.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.