HF3290

Purpose of the Bill

The bill aims to expand existing automobile insurance premium reductions to a broader group of insured individuals within Minnesota who complete an accident prevention course or refresher course.

Main Provisions

• Premium Reductions: Insurance companies must offer at least a 10% discount on private passenger vehicle insurance policies to insureds who successfully complete an approved accident prevention course. Previously, this discount applied only to those aged 55 and older.

• Accident Prevention Course:

  • The Commissioner of Public Safety is tasked with establishing rules for motor vehicle accident prevention courses.
  • Courses must be at least four hours long and completed course requirements must be certified for premium discounts.

• Course Repetition and Certification:

  • Individuals aged 55 and older can retake these courses every three years to maintain eligibility for the premium reduction.
  • Those who are 58 or older can regain eligibility for the premium reduction by completing a course, even if more than three years have passed since they last qualified.

Significant Changes

• The bill modifies the age restrictions, allowing individuals younger than 55 to qualify for premium reductions if they complete the approved courses, thus expanding the pool of beneficiaries.

Relevant Terms

• Automobile insurance
• Premium reduction
• Accident prevention course
• Public Safety Commissioner
• Course completion certification
• Private passenger vehicle insurance