Surprise Factors That Affect Insurance Rates, Premiums varied by almost 70% for someone with the exact same driving record, a study finds. When Non-Driving Factors Affect Auto Insurance Premiums, Automobile insurers may use factors unrelated to driving, like education and occupation, in determining rates.
Now, a consumer group is urging state insurance commissioners to restrict insurers' ability to use those factors, arguing that the result has been unfairly high rates for lower-income drivers. Stephen Brobeck, executive director of the Consumer Federation of America, said in a call this week with reporters that premiums should mainly reflect factors like accidents, speeding tickets and miles driven.
Now, a consumer group is urging state insurance commissioners to restrict insurers' ability to use those factors, arguing that the result has been unfairly high rates for lower-income drivers. Stephen Brobeck, executive director of the Consumer Federation of America, said in a call this week with reporters that premiums should mainly reflect factors like accidents, speeding tickets and miles driven.
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