Drivers living in urban areas pay as much as 30% more for auto insurance than comparable drivers living in the suburbs, according to a new study. However, the results are being disputed by an insurance industry group.
According to ProPublica, an investigative news organization, and Consumer Reports, claim that drivers living in urban zip codes where the population consisted primarily of minorities in California, Illinois, Missouri and Texas paid anywhere from 10% to 30% more for insurance.
However, the Insurance Information Institute, an insurance industry trade group, says the findings are wrong because the two organizations, essentially, didn’t do the math right. (more…)