S2431 — Permits on and after July 1, 2027, for an insurer to consider the zip code in which the vehicle is garaged provided that the calculation of the zip code is segmented by the municipality where the vehicle is garaged.

S2431 — Permits on and after July 1, 2027, for an insurer to consider the zip code in which the vehicle is garaged provided that the calculation of the zip code is segmented by the municipality where the vehicle is garaged. · Informed CitizenryThis legislation modifies how insurance companies can calculate rates for vehicles after July 1, 2027. Currently, insurers may use general zip codes to assess risk. The new rule requires that when…Open in Informed Citizenry