Auto Insurance

Auto insurers are increasingly using socio-economic factors – such as education and occupation – instead of driving factors – such as mileage and accidents – in their pricing of policies. Insurers have also started to use factors – such as price optimization – that have no relation to risk and loss in this pricing. CFA calls on state insurance departments and legislatures to end these unfair practices, which have especially adverse impacts on low-income consumers and people of color, on this state-mandated product.