WASHINGTON, July 24 /PRNewswire-USNewswire/ -- 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. "It's not fair that consumers with spotless driving records can be penalized with higher premiums just because of their credit score," said Norma Garcia, Senior Staff Attorney with Consumers Union. "While insurance companies may not intend to discriminate, the result is the same," said Garcia.....
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Car Insurance News: FTC Study Confirms That Credit-Based Insurance Scores Mean African Americans and Hispanics Pay More for Auto Coverage...Get an auto insurance quote!