Minnesota Bill Proposes Affordable Auto Insurance
ST. PAUL, Minn. – A bill introduced in the Minnesota House of Representatives could potentially reshape the state’s auto insurance landscape. The legislation, championed by Democratic Rep. Athena Hollins of Saint Paul, seeks to establish a dedicated program designed to make car insurance more accessible for low-income Minnesotans.
While the bill’s proponents emphasize the importance of affordable insurance, concerns have been raised about how the program would be funded.
According to Aaron Cocking with the Insurance Federation of Minnesota, the program would likely be subsidized by consumers purchasing insurance in the standard market.
Eligibility for the program would be based on specific criteria. Drivers interested in getting low-income insurance would need a clean driving record and household incomes below 300% of the federal poverty level.
The bill’s progress and potential impact are pending further developments.
