By Ian Faulkner, Staff Writer
The Stanly News & Press
Friday, March 22, 2013 —
I am writing in reference to a new “open competition” auto insurance bill that was introduced in the N.C. House and Senate.
The bill will give all the auto insurance companies operating in this great state the opportunity to choose either the new system or they can stay with the old system.
The “new” system will allow greater competition which equates to more competitive pricing for auto insurance, which then equates to our citizens having more choices. Where there is competition there is price savings and more value.
It will be 36 years in June of this year when I started my first State Farm Insurance agency in North Carolina. I did not know “beans from apple butter” about car insurance at the time. At that time most states had a similar “rate bureau system” whereby operating with some efficiency and safety.
Over the years almost every state in the country has abandoned the “old” system because it breeds too much confusion, inefficiency and many problems too numerous to mention.
The new bill will empower consumers to shop and get the best value and price in the market. Justin Burr has signed on as one of the sponsors.
Ralph Brittain, agent
State Farm Insurance,