This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Yes On Prop. 33 Benefits College Students & Young Adult Drivers





SACRAMENTO, Calif., Nov. 2, 2012 /PRNewswire/ -- Proposition 33 will extend lower auto insurance rates to college students and young adult drivers – living at home with their parents or using their parents' home as their official residence, the Yes On Prop 33 campaign announced.

"Today, young people are not eligible for the same discount as their parents," said Rachel Hooper, spokeswoman for the Yes on Prop 33 campaign.

This initiative is supported by the leading consumer group The Greenlining Institute and public safety organizations.  

"The goal when writing this initiative was to be inclusive – to make it easier for more Californians to have mandatory car insurance, and to reward those being responsible with a new discount. It is a huge benefit that college students and adult children living at home will receive the same discount available to their parents," said Hooper.

Proposition 33 allows drivers to switch insurance companies and keep their continuous coverage discount. This gives the consumer control and forces insurance companies to compete harder, lowering prices and insuring more Californians. Children living with their parents, or returning home from college or elsewhere, also would be able to receive this same discount available to their parents.  

"These provisions protect the continuous coverage history of those who suffered from the economic downturn and young drivers on the cusp of leaving home," said Hooper. 

In addition to college students and families, Prop 33 has attracted a wide range of other support, including California law enforcement, firefighters, major veterans' groups, leaders of both political parties, ethnic organizations and chambers of commerce. Supporters are drawn to the fact that Prop 33:

  • Lowers auto insurance rates
  • Means more insured drivers and safer streets.
  • Restores consumer choice.
  • Preserves state regulatory oversight of rates.
  • Protects military personnel and others whose policies have lapsed due to unemployment, illness or other factors. 

When California had a law similar to Proposition 33 from 1996-2002, the number of uninsured motorists dropped by almost half.

"Californians deserve a reward for being responsible and purchasing car insurance," said Hooper. "Proposition 33 lets them shop around their discount for a better deal and lower rates."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs