Tuesday, July 04, 2006

Higher Car Insurance Rates for Latinos

"According to a new study if you live in a Latino or African American neighborhood expect to pay more for car insurance. No matter how you put it minorities always have it bad, whether it’s getting pulled over by the police for 'driving while being brown' or in this case having to pay more to drive.

After dissecting the price among the state's three largest insurers in more than 500 ZIP codes, Consumers Union found car insurance in black neighborhoods costs 37.5 percent to 83.5 percent more than in communities dominated by non-Hispanic whites. That means the biggest auto insurers would charge a good driver an additional $537 to $974 per year for moving from a mostly white to black neighborhood, according to Consumers Union, the nonprofit group that publishes Consumer Reports magazine.
Good drivers living in Hispanic neighborhoods aren't hit quite as hard. Consumers Union concluded the pricing increase in California's Hispanic communities ranged from $103 to $214 annually, or 7.9 percent to 18.4 percent." Source: Higher Car Insurance Rates for Latinos » VivirLatino

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