

Vermont Voters Warned A Vote for Legal Pot is a Vote for Higher Insurance Rates
Reprinted with permission from Statehouse Headliners
By Guy Page
October 25, 2018 – Car insurance rates are likely to increase 4-6% in states with legal marijuana, a leading insurance industry actuary says.
“You’re looking at an increase of around 4 to 6 percent in overall coverage,” James Lynch, chief actuary of the Insurance Information Institute told the Boston Herald October 24, 2018. Even if drivers don’t smoke pot themselves, their insurance rates will increase regardless, Lynch said.
A 6 percent increase in insurance premiums on all 615,950 registered vehicles in Vermont would cost about $28.3 million. The average Vermont car insurance premium is $764, according to Reviews.com. A 6% increase would add $46 in annual premiums, for a total of $810. Continue reading Car insurance rates to increase in states with legal marijuana →