According to a recent study, auto insurance premiums decreased in states following the legalization of medical cannabis. The study indicates that Cannabis reform has resulted in a significant drop in reckless driving in these states.
“Medical cannabis legalization has reduced auto insurance premiums by $1.5 billion in all states that have currently legalized, with the potential to reduce premiums by an additional $900 million if the remaining states were to legalize”
According to Health Economics premiums dropped by about $22 per year on average after states enacted legalization
Medical marijuana is also proving to result in safer roads. Creating savings in medical expenses related to auto accidents.
“Because auto insurance premiums are directly tied to property damage and health outcomes, we find evidence of a positive social impact of medical cannabis on auto safety,”
They have also determined if you’d like a lower auto insurance payment you should live near a dispensary. Odds are if you do you probably walk there.
This writer offers a friendly reminder to always keep it low. While your insurance guy may pat you on the back, the officer might not be as cool.
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