Today's Date: May 18, 2022
Checkmarx' Ana Lucia Amaral Honored as a CRN 2022 Woman of the Channel   •   Mastercard Economics Institute: Pent-up demand drives global leisure and business flight bookings past 2019 levels   •   Mednax Announces Leadership Appointments   •   Global Surrogacy Services Announces Outreach to Potential Gestational Surrogates in Three Southwestern States   •   Closing the Health Disparity Gap for Black Women   •   Tracey Hayes from MicroAge Named on CRN's 2022 Women of the Channel Power 70 Solution Providers List   •   The Bank of San Antonio, Texas A&M University-San Antonio Partner to Offer Local Entrepreneurs Hands-On Business Training Fr   •   Five Bluum Standouts Honored on CRN 2022 Women of the Channel List   •   Mrs. Flowers Takes the Helm at Comfort Home Care, Rockville, MD   •   RNR Tire Express Surprises Tampa-Area Woman with New Car in Mother's Day Giveaway   •   AHF Protest: Gilead Destroys Rx Safety Net for Greater Profits   •   NCCI Golf Event Generates $25,000 for Kids' Chance of America Scholarships   •   Toast Restaurant Q1 Trends Report: Dine In Growth Surges While Takeout and Delivery Decline   •   Walmart To Host One-Weekend-Only Savings Event Exclusively for Walmart+ Members   •   Publix named to America’s Best Retailers list by Newsweek   •   Four recipients of the 2022 Awards of Excellence in Nursing announced from Indigenous Services Canada   •   Equitable Bank Releases Inaugural ESG Performance Report   •   Video Streamer Clix Inc. and Wall Street Pros Team Up to Help Consumers “Get Savvy, Get Rich”   •   Shoe Carnival Reports First Quarter Fiscal 2022 Results   •   Dr. Cheryl Renz Joins Pregistry as Chief Medical Officer
Bookmark and Share

Survey: Black Drivers Pay Highest Car Insurance Rates

NEW YORK - A new study by online auto insurance quote provider 4AutoInsuranceQuote.org finds that African-Americans pay more on average for auto insurance than people of other races.

This study, that looked at annual car insurance rates for men in New York City, discovered that black men pay over $800 more than whites or Asians for their car insurance.

The report shows that while insurance companies do not intentionally discriminate against black people, they do place emphasis on factors African-Americans score poorly in when determining insurance premiums.

4AutoInsuranceQuote.org surveyed 600 male Manhattan residents in conducting this study. The results, they said, were shockingly lopsided. “Not only did black people pay the most for car insurance,” owner James Shaffer said, “they paid the most by a landslide. It was something that really concerned us, so we had to figure out why.”

The data showed that while Asian men paid $1945/year and white men paid $2193/year, black men paid $2910/year on average. When explaining why African-Americans are faced with much higher auto insurance costs, 4AutoInsuranceQuote.org cited the factors that can affect insurance costs, most notably: your credit score, the safety of your neighborhood, whether or not you are married, and your employment status.

African-Americans, on average, tend to have lower credit scores and live in more dangerous neighborhoods than Asians and Caucasians. They also get married less and have higher divorce rates. In addition, unemployment rates are higher in the African-American community. While insurance companies do not intentionally charge black people more for car insurance, African-Americans do, on average pay more for auto insurance than whites and Asians.

“Statistics do show that African-Americans pay more for auto insurance than Caucasians and Asians,” 4AutoInsuranceQuote.org says, “this does not mean, however, that you will pay more for auto insurance just because you are black.”


STORY TAGS: insuranceBlack News, African American News, Minority News, Civil Rights News, Discrimination, Racism, Racial Equality, Bias, Equality, Afro American News

Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News