Can car insurance firms use your schooling to set your fee?

ALBANY (AP) — A consumer watchdog group says New York’;s greatest car insurers are utilizing education degree and occupation to set charges, charging blue collar workers a lot more for the very same policy than university educated professionals.

Andy Morrison, a buyer advocate who worked on the report from the New York Public Interest Study Group, says the practice is unfair to minorities and minimal-cash flow workers.

The report utilised online price estimates from GEICO, Progressive and Liberty Mutual and discovered that charges were hundreds of dollars more for drivers with a higher-school training and a non-professional work in contrast to university-educated specialists.

NYPIRG wrote to the state’;s Department of Financial Companies Thursday asking it to overview the insurers’; rate-creating policies to see if they are legal.

Messages left with the insurance coverage organizations were not immediately returned Thursday.

(Copyright ©2014 by The Connected Press. All Rights Reserved.)

Leave a Reply

Your email address will not be published. Required fields are marked *