"The report apparently does not consider the evidence that prior auto insurance limits correlate with the risk of loss. Regulators in nearly every state across the country have recognized this connection and approved the use of insurers using this as a rating factor.
"This report demonstrates the significant differences among companies and underscores the competitiveness of the industry and the importance of shopping.
"Nonetheless, we recognize that insurance can be costly for many families. Insurers are constantly pushing to reduce underlying costs that impact consumers.
"Medical costs, lawsuit abuse, theft, fraud, and preventable crashes account for almost 80 percent of every insurance premium dollar. We welcome CFA's partnership in addressing these cost drivers and insurance affordability."
Representing nearly 60 percent of the