Proposed bill that hopes to lower car insurance premiums advances at La. state capitol

Plan to lower car insurance premiums in La. advances in state capitol

BATON ROUGE, La. (WAFB) - A bill that aims to lower car insurance premiums in Louisiana by at least 10% advanced at the state capitol Tuesday, May 26.

The bill, SB 418 proposed by State Sen. Kirk Talbot (R-River Ridge), could save insurance companies money by making it harder to file a lawsuit after a car accident. Louisiana lawmakers hope those companies will pass their savings on to residents.

The bill is only a couple of steps away from becoming a law and Republicans want to pass it before the regular legislative session ends Monday, June 1.

If lawmakers cannot get it passed in time, there’s a chance Governor John Bel Edwards could veto the plan in June by citing concerns that the bill would hurt accident victims without actually cutting insurance rates.

For more about the bill click here.

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