FTC Study Confirms That Credit-Based Insurance Scores Mean African Americans and Hispanics Pay More for Auto Coverage (PR Newswire via Yahoo! News)


     

FTC Study Confirms That Credit-Based Insurance Scores Mean African Americans and Hispanics Pay More for Auto Coverage (PR Newswire via Yahoo! News)

Other circumstances may cost a driver more with certain companies when looking for a car insurance estimate. Men under the age of 25, single drivers, younger drivers under the age of 21, the number of miles driven per day and even the kind of car that is driven can cost a person more money on car insurance when shopping around. The best part about this is that not one car insurance will probably charge the same amount of money for the same coverage so shopping around will prove that there are better choices available.

FTC Study Confirms That Credit-Based Insurance Scores Mean African Americans and Hispanics Pay More for Auto Coverage (PR Newswire via Yahoo! News)

A study released today by the Federal Trade Commission confirms that African American and Hispanic drivers pay more for auto insurance because insurers use credit scores to determine premiums. The use of credit scores in insurance has long been a controversial practice because of its discriminatory impact on low income and minority families.

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Auto Leasing On the Rise (CBS News)

More and more people are deciding to lease their car instead of buying it. Ray Martin explains why this trend is happening, and weighs the pros and cons of leasing a vehicle rather than owning.

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How to reduce your car insurance costs (MSNBC)

When’s the last time you devoted mental energy to the particulars of your auto insurance policy? Did you basically set it and forget it? You may be able to take a bite out of your insurance bill with a minimal amount of effort. By Laura T. Coffey.

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Auto Insurance Change Promises Lower Rates (WCVB Boston)

For the first time in the memory of most Massachusetts drivers, they will have the opportunity to shop for the lowest auto insurance rates under a plan announced by the state on Monday.

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Bill aims to curb fraud by drivers (Asheville Citizen-Times)

RALEIGH -- State lawmakers have agreed to require applicants for auto insurance to prove they live in North Carolina.

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Will Crist's gamble on the future pay off? (Gainesville Sun)

TALLAHASSEE - The immediate gratification of Gov. Charlie Crist's optimistic makeover of Florida is hard to deny.

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THE INTERNATIONAL FORECASTER (GoldSeek.com)

An international financial, economic, political and social commentary.

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Bad credit can increase auto insurance costs (Courier-Post)

You always use your turn signal and observe the speed limit.

Read full post here. Copyright (c) 2004 Yahoo! Inc. All rights reserved.

Spike Rally in Japanese Yen Spooks Global Markets (Seeking Alpha via Yahoo! Finance)

Gary Dorsch submits: Perhaps the most important market in the world today is the vast network of foreign currencies, where total trading volume, including derivatives and futures, average around $2.9 trillion a day.

Read full post here. Copyright (c) 2004 Yahoo! Inc. All rights reserved.

Toyota and GM Top 2007 Motorist Choice Awards (The Auto Channel)

CAMPBELL, Calif.-- PRIMEDIA ’ s IntelliChoice.com , the online source for automotive ownership cost and value analysis, and AutoPacific , the industry source for owner satisfaction rankings, today announced the results of their second annual Motorist Choice Awards for model year 2007, with Toyota and GM coming in as the big winners.

Read full post here. Copyright (c) 2004 Yahoo! Inc. All rights reserved.

FTC Study Confirms That Credit-Based Insurance Scores Mean African Americans and Hispanics Pay More for Auto Coverage (PR Newswire via Yahoo! News)

By insuring a number of vehicles with the same insurer, or by trying to take out home and life insurance through your car insurer, you may be able to secure a ‘bulk buy’ discount.



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