“(MoneyWatch) When it comes to buying basic liability coverage — the type of coverage required by law in 49 states — you’ll pay more if you’re single, poor and less educated. It doesn’t matter how well you drive.
In fact, drivers who had at-fault accidents, but had a spouse, a college degree, continuous insurance coverage and home ownership paid less — sometimes dramatically less — than a single receptionist with a high school education and a perfect driving record, according to a new survey by Consumer Federation of America.
“State insurance regulators should require auto insurers to explain why they believe factors such as education and income are better predictors of losses than are at-fault accidents,” said J. Robert Hunter, CFA’s director of insurance….”
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