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NJ must ban car insurance companies from using credit scores to set rates, advocates say
A group of New Jersey advocates is urging the state to ban auto insurance companies from using a person’s job, education or credit score to determine prices. They say the practice translates into low-wage drivers who pay higher premiums than richer motorists. “You may have a doctor or a lawyer or some other type of…
Has your car insurance rate gone up a lot even though you don’t drive much?
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Fighting over COVID auto insurance data could set the stage for massive combat control in Illinois
Posted on July 13, 2022 at 1:33 pm CDT A consumer advocacy group says recently released data shows that auto insurance has earned excessive profits during the pandemic, and proof that Illinois needs to regulate the industry more strictly. The insurers fought back against the release of auto premium data at the time of COVID,…