November 2012 Election, California, Proposition 33

Vote Recommendation: No

This issue came up once in 2010, and it seemed extremely confusing and dishonest. I resolved to vote no using my general rule: when in doubt, vote no. (On the assumption that issues that seem impossibly confusing are probably hiding something sinister.) I'm invoking the same rule for this proposition, though I have yet to analyze the text of the law, I can't see how it can be much different in the most important aspects.

See: November 2012 Election, California

Details

Changes Law to Allow Auto Insurance Companies to Set Prices Based on a Driver's History of Insurance Coverage.

Initiative Statute

Summary

Changes current law to allow insurance companies to set prices based on whether the driver previously carried auto insurance with any insurance company. Allows proportional discount for drivers with some prior coverage. Allows increased cost for drivers without history of continuous coverage. Fiscal Impact: Probably no significant fiscal effect on state insurance premium tax revenues.

External Resources

• Voter Information Guide - Secretary of State
• Official Title and Summary - Secretary of State
• Analysis - Secretary of State
• Arguments and Rebuttals - Secretary of State
• Text of Proposed Law - Secretary of State
• California Proposition 33 - Ballotpedia
• June 8, 2010 Election - Proposition 17 Analysis