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*Flashback Friday* African Americans pay more for auto insurance
October 11, 2019
As reported in 2015 and in 4 years nothing has changed!
In short good drivers living in predominantly African American areas are charged significantly higher premiums then the same drivers in largely white communities.
“These findings suggest a troubling pattern of high rates in African American communities regardless of driver history,” said Tom Feltner, Director of Financial Services at the Consumer Federation of America. “We are not rushing to judgment about why this happens, but it is urgent that regulators, lawmakers, and the industry take a hard look at these findings and address the impact of high auto insurance prices on drivers living in predominantly African American communities.”
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