California’s Auto Insurance Crisis Summary

California's auto insurance market is under strain due to regulatory changes, environmental pressures, and rising costs, making it harder for auto owners to secure coverage.
Proposition 103 requires state approval for rate changes, slowing the insurance industry's response to economic shifts, with recent proposals aiming to expedite this process.
Natural disasters like wildfires have increased insurance risks, causing many companies to raise premiums or exit the market, compounded by inflation and rising repair costs.
Consumers face premium hikes of $71 to $167 per policyholder and difficulties securing coverage, especially for new drivers and those with imperfect records.
To navigate the crisis, consumers should stay informed on regulatory changes, use available discounts, adjust coverage levels, and seek help from insurance brokers like Post Insurance.