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Special (Auto. Insurance Costs) #493539

NBC Evening News for Thursday, May 12, 1977
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(Studio) Many people dislike high costs of auto. insurance, despite own good driving records, because of high risks of particular group insurance company puts them in.
REPORTER: David Brinkley

(Raleigh, North Carolina) 18-yr.-old Bostonian Michael O'Hara's insurance premium for year is over $3000, because of age and city, despite perfect driving record. people learn own records have little to do with insurance prices. [MAN - was persecuted at age under 25, now to be again as approaches age 70.] High risk cases noted, as listed in private memo of one company to Boston area offices. Basis for grouping clients and amts. noted. [State Farm Ins. Vice President Tom MERRILL - say insurance companies just have no good way to tell good from bad drivers. Cites problems with basing rates on accident rate of average policy holder.J North Carolina law with regard to males under and over 25 and insurance prices noted. State ins. commission John Ingram moves to change process in North Carolina; says it's discrimination and orders it stopped. [INGRAM - notes North Carolina was 1st state to stop age discrimination with regard to auto. insurance rates. Cities state legislature's laws to stop practice of terminating insurance for anyone company feels is high risk.]' [Nationwide Ins. Company spokesperson Bernard PARKER - notes popularity of holding down prices by politician in area he regulated.] Ingram is one of few insurance cmsnrs. in United States who's not former insurance company employee and also one of few to challenge insurance companies
REPORTER: Brian Ross

(Studio) On Friday morning's "Today" show,and Friday night on news, Ross will give further reports with regard to auto. insurance rates.
REPORTER: John Chancellor

Reporter(s):
Brinkley, David;
Chancellor, John;
Ross, Brian
Duration:
00:05:50

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