Insurance

CFA Calls on Insurance Commissioners to Address Insurer Rating Practices That Harm Low- and Moderate-Income Individuals

Consumer Federation of America has released a new study of auto insurance premiums across the country that revealed disturbing patterns in the rates faced by good drivers as a result of insurance companies’ use of non-driving related rating factors. The report reveals how states’ mandatory auto insurance requirements combined with lax oversight of auto insurers’ rating practices seriously harm low- and moderate-income drivers.  CFA is calling on state insurance commissioners to rectify this issue.