Study finds car insurance companies reliance on credit scores could lead to higher prices for minorities ...Middle East

A new report released by a consumer advocacy agency says that the use of credit reporting from car insurance companies to help determine driver premiums can perpetuate racial inequity. The Consumer Federation of America spent two years analyzing data, according to Michael DeLong, research and advocacy associate for CFA and co-author of the report, The One Hundred Percent Penalty. The use of credit scores to determine car insurance premiums only reinforces and amplifies structural racism in the United States, the report states. The report found that in New Mexico, an average driver with an excellent driving record as well as excellent credit could pay, on average, $412 in annual car insuran

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