Quote:
Originally Posted by DonovanTrent
If you mandate that insurance companies have to pool nationwide, rather than individual pools by state, individual risk will drop and pricing will be less dependent on local factors. As your average New York state resident what would happen to their insurance costs if nationwide pooling were instituted.
|
I guess it will all depend on how the laws end up playing out. If they can pool on a national level they could lower the costs, but that doesn't mean they will lower it greatly for many people. Sure, those in NY or LA or other big cities or places where there is less competition might get a nice price reductions and others may not see much at all.