Rising insurance costs in the District of Columbia

Testimony before District of Columbia Department of Insurance, Securities and Banking

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James Lynch, I.I.I. chief actuary, provided testimony before the District of Columbia Department of Insurance, Securities and Banking on January 30, 2018. Drivers in the District of Columbia pay some of the highest auto insurance rates in the nation. According to statistics from the National Association of Insurance Commissioners, the average expenditure in 2015 – the most recent year available – was the fifth highest in the nation, with the average policyholder paying $1,190. Only New Jersey, New York, Louisiana and Michigan drivers paid more.

 

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