SB 1148
Requires automobile insurers to provide premium discounts for installing anti-theft mechanisms
LR Number:
Last Action:
2/20/2008 - Second Read and Referred S Pensions, Veterans' Affairs and General Laws Committee
Journal Page:
Calendar Position:
Effective Date:
August 28, 2008

Current Bill Summary

SB 1148 - Under this act, all insurance companies authorized to write private automobile insurance within this state shall provide premium discounts for motor vehicles equipped with anti-theft mechanisms. The discounts shall apply to the comprehensive coverage and shall not be less than 10%. Some or all of the premium discounts required by the act may be omitted upon demonstration to the director that the discounts are duplicative of other discounts provided by the insurer. In no event shall the non-use of an anti-theft mechanism constitute grounds for an increase in policy premiums or cancellations or non-renewal of a private automobile insurance policy.

Under the act, insurers may require reasonable evidence of installation of any anti-theft mechanism but the insurer may not make requests so onerous as to effectually discourage the owner of the automobile from seeking the applicable discount.