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Lower-Income Families May Pay More for Auto Insurance

Many low-income families cannot afford car insurance, at least in part because insurers price their policies in ways that result in them paying more, according to a new report from the Consumer Federation of America.

Bucks: Lower-Income Families May Pay More for Auto Insurance

Many low-income families cannot afford car insurance, at least in part because insurers price their policies in ways that result in them paying more, according to a new report from the Consumer Federation of America.

Auto Insurance: The Next Frontier In Discriminatory Practices Against America's Poor

They can't even get lower rates if they try. 

Nationwide Speaks Out on N.C. Automobile Insurance Rate Modernization

RALEIGH, N.C.--(BUSINESS WIRE)--Nationwide Insurance Regional Vice President for North Carolina Lee Morton spoke before the N.C. Legislative Research Commission Joint Study Committee on Automobile Insurance Modernization today. Morton spoke about the healthy, robust, competitive, diverse, and low-cost auto insurance system that currently exists in the state and cited concerns for the unintended ...

Advocates: Auto insurance hurts poor

The Consumer Federation of America charged Monday that the nation's poorest drivers are being charged unfairly high auto insurance premiums because of discriminatory practices and the organization called on state insurance regulators to do something about it.

OAI Quantifies the Cost of Raising Texas Auto Insurance Limits

The site looked at insurer-provided data and found that the cost of increasing policy minimums could be relatively low—around 6 percent extra—for the average driver.Austin, TX (PRWEB) January 30, 2012 An analysis of 144 quotes conducted by OnlineAutoInsurance.com has revealed that, while many objected to raising Texas’ car insurance minimums in 2011 due to cost concerns, the added cost of ...

Poor pay more for auto insurance

The poor pay more for auto insurance and that ain't fair. That's the executive summary of a new study by the Consumer Federation of America funded by the Ford Foundation that calls for an end to de facto price discrimination based on questionable rating factors.

Study: Poor People Pay More for Auto Insurance

Low-income drivers are routinely charged higher auto insurance premiums than well-heeled car owners. But why should the poor pay a premium when it comes to premiums? Is the system inherently unfair? Or are there valid reasons why poor drivers tend to represent bigger risks for insurers? The Consumer Federation of America just released a study [...]

Consumer Group Charges Auto Insurers with ‘Disparate Treatment’ of Low Income Families

A consumer group on Monday issued a study that alleges “disparate treatment” of low-to moderate-income families by auto insurers nationwide. The group is asking state insurance commissioners to consider lowering minimum liability coverage requirements and creating low-income purchase programs. The …