House Co-Sponsorship Memoranda

House of Representatives
Session of 2015 - 2016 Regular Session

Posted:	January 23, 2015 10:20 AM
From:	Representative Brian L. Ellis
To:	All House members
Subject:	Cosponsorship - Vehicle Financial Responsbility

In the near future, I will be introducing legislation which increases the minimum amount of insurance a person would be required to carry on an automobile policy. Motor vehicle insurance was mandated in 1974. Under current law, a person is required to carry insurance for bodily injury in the amount of $15,000 per person/$30,000 per accident and $5,000 in property damage. Those numbers have not been adjusted for inflation for the last 40 years. In 1974, Kellogg’s corn flakes were 43 cents, a can of Pepsi Cola was 88 cents and a 1.4 ounce Hershey candy bar was 15 cents. I believe it is now time to have our auto insurance reflect a more realistic cost should someone be injured in an automobile accident. My legislation would increase those amounts to a minimum of $30,000 per person/$60,000 per accident and $10,000 for property damage. I would greatly appreciate if you would join me in co-sponsoring this important resolution to help increase the minimum amount of insurance a person would be required to carry on an automobile policy.
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Introduced as HB1258