| Show reduces insurance on cars A new plan which substantially reduces insurance rates on cm private passenger automobiles based on use mileage and the number and age of those who operate them was announced from new york today toy by the national bureau of and surety ers ers cout 35 leading capital stock insurance companies the new plan affords a 20 per cent reduction in existing rates on an every private pass passenger duger automobile which Is not for business purposes except in going to nid from rhe insurers reds principal place of occupation cu profession or business and is owned b by y nn an individual as distinguished from corporations or business partnerships private pa passenger oars cars owned by and an clergymen it are re included in fit the reduced rate class an ali additional addition ria 5 per cent reduction or an all aggregate of 25 per cout cent from existing rates is provided by the new plan wa on such private rl passenger automobiles whose owners owners do not drive more than tittles miles in a year and provided the file automobile Is oper operated abed by na more than two mem beTs of the I 1 named insurers reds hou sel hold neither of whom shall toe be under 35 25 yearn years of age the new became effective on oil Mon monday ilay april 24 it and d may be applied fl to policies in force anand on and after iMar march cli 1 1039 1939 it Is effective in the following states alabama arizona arkansas C al lAmila colorado connecticut delaware district of columbia florida Florl georgia idaho iowa kentucky maine maryland michigan montana mississippi missouri Me nebraska braska nevada north dakota ohio new jersey penn sv Ivania rhode island south carolina south dakota tennes see utah west virginia and wyoming |
