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A Vermont law will go into effect July 1 that includes an automotive labor rate, aftermarket parts, and market conditions study.
The study was added by the House in May to S. 95, an insurance and banking bill, that was introduced in the Senate in February.
During the Senate’s May 10 session, bill sponsor Sen. Ann Cummings (D-Washington) said the study is overdue.
“I don’t know about the rest of the body but I have several auto body shops in my district and for a number of years now there has been a tension between insurance companies and auto body companies,” she said. “We require people [have] automobile insurance. Therefore, we have some obligation to keep that insurance affordable and what that insurance policy covers, when we buy it as consumers, it’s our responsibility to read it and understand what we’re getting.
“The problem is that when you have damage and you go to an auto body shop, what the insurance company covers and what the actual costs are are getting farther and farther apart. The actual labor costs frequently are not anywhere close to what the auto body shop has to pay to get good mechanics. This study will look at that and see if it is time to readjust things, to make sure that that balance between wanting to get adequate coverage for people… because if we just said, ‘Well your insurance will pay for everything,’ then an awful lot of people are not going to be able to afford insurance for their cars, which we require them to have.”
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