Measure could lead to car insurance rate hike

A House committee approved a measure yesterday that could lead to a spike in car insurance rates.

Currently, auto insurance companies have to provide evidence and get approval from the commissioner’s office before they raise rates beyond the state’s minimum.

But if the House votes in favor of the measure, auto insurance rates could take effect immediately without prior approval.

The insurance commissioner says that would make Georgia drivers vulnerable to injudicious rate hikes—companies could base rates on whatever they choose from credit scores to addresses.