On the recordJuly 23, 2012
I thank the gentlelady from California. Mr. Speaker, I rise today to urge the passage of H.R. 5859. This legislation repeals a requirement that auto dealers provide consumers with an insurance cost booklet. I actually know about this because I am an automobile dealer, and I've spent 45 years in the showroom and on the lots. To the best of my recollection--and we service anywhere from 800 to 1,000 people a month--nobody has ever come into our showroom and ever asked for that booklet. It just never happens. This booklet has information that is useless and totally irrelevant to the average consumer. Let me read from the booklet: The table presents vehicles' collision loss experience in relative terms, with 100 representing the average for all passenger vehicles. Thus, a rating of 122 reflects a collision loss experience that is 22 percent higher, or worse, than average while a rating of 96 reflects a collision loss experience that is 4 percent lower, or better, than average. It goes on to say: It is unlikely your total premium will vary more than 10 percent depending upon the collision loss experience of a particular vehicle. It then goes on to say that, if you really want to find out about the insurance, what you really need to do is to contact the insurance carriers or the companies directly. Do you know what? I didn't want to base it just on what I know.…





