Bill > HB2078

This bill amends Pennsylvania's vehicle insurance law by adding a provision that limits insurance premium increases for vehicle owners. Specifically, insurers are prohibited from raising premiums by more than 5% annually for policyholders who have not been convicted of certain offenses referenced in section 1535 of the vehicle code. The new rule will apply to private passenger automobile insurance policies offered, issued, or renewed in Pennsylvania starting six months after the bill's enactment. This legislation appears aimed at protecting drivers from significant annual premium increases by capping the rate of potential price hikes, with an exception potentially related to drivers with serious driving violations. The bill represents a consumer-friendly approach to regulating insurance pricing, providing some predictability and potential cost protection for vehicle insurance customers who maintain a clean driving record.