July 31, 2023 • 1 min read

The One Hundred Percent Penalty: How Auto Insurers’ Use of Credit Information Increases Premiums for Safe Drivers and Perpetuates Racial Inequality

R

Consumer Federation of America (CFA) released a new report today detailing the impact of auto insurers’ use of consumer credit information on good drivers with only fair or poor credit scores. Across the country, consumers with poor credit annually pay hundreds or even thousands of dollars more for the basic auto insurance coverage mandated by state laws.

Related Articles

R
October 05, 2026 / Testimony & Comments
Letter Urging the California Supreme Court to Decide a Case Against USAA's Unfair Discrimination Against Enlisted Servicemembers
R
September 22, 2026 / Testimony & Comments
CFA Urges States to Follow Texas's Lead and Ban Price Optimization in Insurance

 

R
September 01, 2026 / Testimony & Comments
CFA Submits Comments on Draft Colorado Bulletin No. B-5.57, Concerning Use of Aerial Imagery by Insurers in Decision Making
R
August 13, 2026 / Press Releases
Tips for Consumers to Get Fair Insurance Treatment After the Washington State Wildfires