Wisconsin is currently facing a large debate over whether automobile insurance rates should be slashed by 20% in accordance with a new law that may be passed soon. The petition for the law is attempting to force insurance companies to reduce automobile insurance rate while backers are currently out on the streets seeking 304,000 signatures to get it on the next voting ballot. On the opposite side, insurance companies highlight the disadvantages that could result from such an action such as increasing the unemployment rate and decreasing service quality for all customers. For perspective, reports have come in from East coast big-hitter New York State that automobile insurance rates have already declined 20.3% in 2009.
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