SPRINGFIELD, Ill. – A lawmaker is introducing a bill in Springfield addressing something he says Illinois is one of few states to not already address.
State Representative Will Guzzardi of Chicago’s bill would ban insurers from raising car insurance rates based on a driver’s race, gender, marital status, religion, occupation, or, even, credit score.
“A driver with poor credit, who is an excellent driver, pays almost $1,000 more in premiums, than a driver with excellent credit and a DUI,” said Guzzardi. “That, I think, tells you the whole story.”
Guzzardi says the bill would also allow the Illinois Department of Insurance to approve or deny rate hikes wanted by the insurers.
“This bill requires that if Illinois insurance companies want to raise rates on our drivers, they’ll have to file an application with the Department (of Insurance),” said Guzzardi. “That application will undergo review. If it’s deemed excessive, inadequate, or unfairly discriminatory, then it can’t take effect.”
House Bill 2203 was introduced Tuesday, and has yet to receive a committee assignment for consideration.
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