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Rich with a DUI? Your car insurance premium may not suffer

Upper-income motorists with accidents and other violations often pay less than good drivers with low or moderate income
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When Good Drivers Pay More for Insurance than Bad Ones

Business & Finance / Personal Finance : Bucks

An Consumer Federation of America analysis found that lower-income drivers with clean accident records often pay higher auto insurance premiums than higher-income drivers who have caused an accident.

If my teen gets into an accident how much can I expect to see my premium increase?

Vehicles / Cars :

Accidents are rough on your insurance premium. Often a car accident will be a double whammy. Not only will you see a rate increase because of the accident, but also you’ll lose any good driver discount you may have had. Therefore, y...

I understand California has a car insurance policy for low income drivers. What is it?

Vehicles / Cars :

It is for low income (usually under $20,000) drivers, 19 years old and over insuring a low cost car ($5,000 or less). You buy the insurance from online agents and brokers certified by the California Automobile Assigned Rish Plan (CA...

What are some solutions for the difference in premiums in low and moderate income neighborhoods?

Vehicles / Cars :

The Consumer Federation of America (CFA) is sending their research to all state insurance commissioners. They are suggesting the states review to see if low to moderate income drivers with good driving records are being charged unfa...

Car Insurers Like Rich People Better

Business & Finance : Business from Newser

A meticulous driving record isn't enough to keep your insurance premiums down—it helps to be rich, reports AOL Autos. A new study by the Consumer Federation of America found that insurers often charge good drivers with low incomes m...


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