AUTO INSURANCE RATES TO RISE BY 2010

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Auto insurance rates to rise by 2010

07:04 AM CDT on Wednesday, July 16, 2008

Associated Press

BATON ROUGE, La. -- A new law will raise auto insurance rates for more than one million Louisiana motorists in 2010 by increasing the minimum liability coverage required for drivers.

NOTE: LOUISIANA IS MADE AWARE OF THE CHANGES ON AUTO INSURANCE.

Governor Bobby Jindal didn't sign the bill, but he let it take effect without his signature.

Louisiana law currently requires car and truck owners to have at least "10-20-10" liability coverage. That's $10,000 coverage for damage of other people's property, $20,000 for injury or death to more than one person in an accident and $10,000 for injury or death to one person.

The new law will change the levels to "15-30-25" on January 1, 2010.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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