Car insurance prices in Illinois soar; Rep. Will Guzzardi wants to crack down on automobile insurers, ban ‘non-driving’ factors in pricing

Car insurance prices in Illinois have recently skyrocketed, and state representative Will Guzzardi wants to take action against automobile insurers. According to Guzzardi, the algorithm used by insurers to determine rates unfairly takes into account non-driving factors such as credit score, occupation, and ZIP code. He is proposing legislation that would prohibit these factors from being used in setting rates. Guzzardi believes that this will make car insurance more affordable for those who are already struggling financially. While the insurance industry opposes the proposed ban, Guzzardi insists that it is necessary to protect consumers. The issue of car insurance pricing is not unique to Illinois, and this proposed legislation is likely to have an impact beyond the state’s borders. As car insurance is a necessity for most drivers, the high cost of coverage affects people’s financial well-being. Therefore, it is important for lawmakers to address the issues that contribute to this problem and ensure that consumers are protected from unfair practices.