Low-income drivers face higher auto insurance, even when they have clean driving records, By Danielle Douglas-Gabriel, September 30, 2014, Washington Post: “For someone making $21,000 a year, paying $500 a year for auto insurance can be a struggle. Yet low-income families across the country are paying about that much for minimum coverage, even with clean driving records, according to the Consumer Federation of America. Researchers at the advocacy group found that the five largest auto insurers — Allstate, Farmers, GEICO, Progressive and State Farm — do not offer basic policies to safe drivers for less than $500 a year in more than one-third of the nation’s low-income areas…”
Poverty-related issues in the news, from the Institute for Research on Poverty