According to Bill Clark, Chief Lobbyist for the Georgia Trial Lawyers Association, "The states that have adopted a free market system for insurance ratings have seen significant reductions in premiums for their citizens." He said consumers will now have the benefit of a free market system. He also said that the more than 250 car insurance companies that sell in Georgia must now compete with each other to win a driver's business. In the final analysis, we will all have to wait and see who was correct about whether the insurance rates will go up across the board or not.
In my opinion, I think that those who choose the stacking option will pay more for UM coverage, but they are getting more coverage than before. The sad reality is that insurance companies and their agents will likely not fully explain these options to consumers who will be left in the dark about how important UM coverage is, especially UM coverage that stacks on top of the at fault driver's liability coverage.
