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<v Speaker 1>California auto insurance rates spike once again, but state politicians

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<v Speaker 1>refuse to allow drivers to get a new discount that

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<v Speaker 1>all the other forty nine states in the nation allow

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<v Speaker 1>their drivers to receive. Coming up, I'll tell you about

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<v Speaker 1>a law that I'm backing to try to fix that problem,

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<v Speaker 1>to reduce your auto insurance rates. So there's nothing requiring

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<v Speaker 1>that you do this. This is completely voluntary. Right now,

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<v Speaker 1>the law says you can't do it even if you

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<v Speaker 1>want to do it. I'm Carl Tomo, Chairman of Reform

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<v Speaker 1>California and a California state legislator, and you know we

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<v Speaker 1>pay more for everything in California. It's because of our

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<v Speaker 1>politicians and their stupid mandates and regulations. They don't seem

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<v Speaker 1>to care about what you have to pay. They just

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<v Speaker 1>continue to add more mandates and regulations on everything we

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<v Speaker 1>have to purchase or pay for just to get by

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<v Speaker 1>in life. That's very true for the cost of auto insurance,

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<v Speaker 1>and that's why California auto insurance rates are going up

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<v Speaker 1>more this year than the national average. Last year, auto

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<v Speaker 1>insurance rates went up sixteen percent. This year, they're up

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<v Speaker 1>more than six percent, and that's higher than the national

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<v Speaker 1>average here is quote. California drivers see third highest car

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<v Speaker 1>insurance hike despite national decline. We have politicians that are

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<v Speaker 1>basically forcing us to pay more than we need to.

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<v Speaker 1>The average California driver now has to shell out two

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<v Speaker 1>and twenty one dollars a month a month for their insurance.

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<v Speaker 1>In the state of California, we are the only state

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<v Speaker 1>that will not allow technology to reduce your car insurance rates.

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<v Speaker 1>All the other states, all the other forty nine states

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<v Speaker 1>allow new forms of technology to provide you with discounts

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<v Speaker 1>on your insurance. It's called telematics. And Tesla is now

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<v Speaker 1>offering insurance for all of their drivers at a very

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<v Speaker 1>cost effective rate. I'm not endorsing them, I'm just saying

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<v Speaker 1>I was surprised when I learned that Tesla was offering

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<v Speaker 1>not only vehicles, but also insurance auto insurance. That's because

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<v Speaker 1>Tesla learned early on that if you put technology in

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<v Speaker 1>the car, you can be a better insurer. You can

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<v Speaker 1>figure out which insure which drivers are a little bit

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<v Speaker 1>more risky, and which drivers are less risky, and therefore

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<v Speaker 1>price your products much more effectively. I mean, you shouldn't

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<v Speaker 1>have to pay because of someone else's bad driving. Record.

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<v Speaker 1>You should only have to pay because of your own

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<v Speaker 1>I will confess I've gotten some tickets and had to

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<v Speaker 1>pay more in insurance that I wanted to pay, But

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<v Speaker 1>that's the way the system goes. So what the insurance

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<v Speaker 1>industry has done for decades is they look at your

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<v Speaker 1>driver's record, your age, how many tickets you have, how

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<v Speaker 1>many accidents you've had, and that then creates a risk profile.

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<v Speaker 1>But what Tesla did with their cars and their technology

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<v Speaker 1>in their cars is that they were able to add

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<v Speaker 1>additional data sets to better price insurance products, giving good

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<v Speaker 1>drivers a discount and well pricing a higher rate for

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<v Speaker 1>drivers that sped and you know, did bad things with

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<v Speaker 1>the car or drove more. By the way, remember your

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<v Speaker 1>insurance company asks you to fill out the paperwork how

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<v Speaker 1>many miles have you traveled? Many of us, you know,

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<v Speaker 1>we go out and we look at our odometer and

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<v Speaker 1>we give the information. But the insurance industry knows, well

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<v Speaker 1>not everyone is truthful about that, so we have to

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<v Speaker 1>factor in a fudge charge. Again, if you actually use data,

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<v Speaker 1>then you can price insurance more appropriately. And that's what

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<v Speaker 1>telematics is all about. Now in the state of California,

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<v Speaker 1>we have legislation and regulations that ban the use of

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<v Speaker 1>technology to report to insurance companies as to what you're

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<v Speaker 1>doing in your car. A new bill is pending in

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<v Speaker 1>the legislature. I voted for it. It's Assembly Bill three

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<v Speaker 1>one one. It's called the Consumer Driving Data Protection Act

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<v Speaker 1>of twenty twenty six. Now what this does is it

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<v Speaker 1>says that if you opt in, then you can use

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<v Speaker 1>telematics for your insurance. So there's nothing requiring that you

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<v Speaker 1>do this. This is completely voluntary. Right now, the law

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<v Speaker 1>says you can't do it even if you want to

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<v Speaker 1>do it. Assembly Bill three one one would correct that

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<v Speaker 1>flaw and allow California drivers to opt in to providing

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<v Speaker 1>data to the insurance company so that they can receive

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<v Speaker 1>a discount, a good driver discount. So again I want

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<v Speaker 1>you to know. It looks at a number of data sets,

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<v Speaker 1>but the number one thing in this bill is it

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<v Speaker 1>is completely voluntary. The opponents of this bill say, oh,

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<v Speaker 1>government's going to allow the insurance company to spy on you. No,

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<v Speaker 1>they're going to allow the insurance company to give you

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<v Speaker 1>a discount if you would like to apply for the

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<v Speaker 1>discount and agree that your data would be shared. If

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<v Speaker 1>you don't want to share your data. You don't have

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<v Speaker 1>to share your data, but recognize with less data, the

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<v Speaker 1>insurance company then has to fall back to some of

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<v Speaker 1>those less complete models for assessing your driving record, and

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<v Speaker 1>they may actually be overcharging you when you could get

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<v Speaker 1>a discount. And look, if you're a bad driver, then yeah,

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<v Speaker 1>you should be paying your fair share. Just saying this

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<v Speaker 1>is a fair and equitable way. Data driven insurance policies

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<v Speaker 1>very smart way to handle the risk factors risk assessment

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<v Speaker 1>for things that we want to buy. Again, this is

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<v Speaker 1>completely optional, it's completely voluntary, but it gives California drivers

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<v Speaker 1>an opportunity to buy this form of insurance. I think

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<v Speaker 1>it's just common sense. What do you think? Sound off

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<v Speaker 1>in the comments below let me know if you think

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<v Speaker 1>Assembly Bill three eleven is a good idea. I'm just

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<v Speaker 1>saying I already voted for it, but more information and

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<v Speaker 1>more feedback from you always helpful. I don't think anyone

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<v Speaker 1>should be against data driven voluntary opt in insurance products

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<v Speaker 1>because the people who have good records and good driving habits,

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<v Speaker 1>they should save some money until next time. I'm Carl Tobaio,

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<v Speaker 1>chairman of Reform California and at California State Representative. Thanks

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<v Speaker 1>for watching and I hope you enjoyed this episode. But

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<v Speaker 1>before you click away, please subscribe to this channel and

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<v Speaker 1>click that notification button so you get updated when we

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<v Speaker 1>with your friends so that we can help spread our

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<v Speaker 1>message across the state.