Friday, June 06, 2008

Good driver? Responsible? Here's how you're screwed in Kentucky

We may have done well earlier this year to beat back the legislative effort to make the car insurance companies treat everyone like bad credit risks, but it looks like we are going to get nailed with higher costs anyway.

Governor Steve Beshear announced with great fanfare today a giveaway of $3.2 million from the taxpayers to Safe Auto Insurance Company, an insurer for people with poor credit ratings and bad driving records.

That's because we expanded the taxpayer giveaway market in the 2008 session to include include more service providers.

So if you can't get regular insurance, your guys just got a boost. If you have good credit and a clean driving record, you and your insurer just provided the boost.