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Auto Club of Southern California cuts car insurance rates

May 22, 2013|By Marc Lifsher

About 1 million customers of the Automobile Club of Southern California will get an average $65 reduction in their annual car insurance premiums, the company and the state insurance department announced Wednesday.

The total rate cut came to $70 million, or 4.1%, for policies that start or renew after July 1.

It was the fourth such reduction in the last nine years, which will have saved policyholders more than $380 million, Auto Club President Robert T. Bouttier said Wednesday.

The latest rate cuts, which were approved by California Insurance Commissioner Dave Jones, include a numberĀ  of new discounts for homeowners, college alumni group members, medical professionals and some students, Bouttier said.

The auto club is the fourth-largest auto insurer and the sixth-largest hom insurer in California, according to A.M. Best, which provides statistics and analysis to the industry.

Jones praised the auto club for putting "their policyholders interests' first."

Join travel reporter Hugo Martin and columnist David Lazarus for a live video chat at 3:30 p.m. Pacific on the big holiday travel weekend.

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