Analysis

Unpacking the controversial issue of an ‘ethnicity penalty’ in car insurance premiums

By 2023-04-25T12:02:00

guy driving suit

Insurance Times speaks to industry experts following Citizens Advice revealing that POC are paying more for car insurance than their white counterparts

Does the insurance industry discriminate on race when it comes to price? Data from a recent Citizens Advice report would suggest so – but then no insurers are gathering data on race or ethnicity when quoting for premiums. 

That the insurance industry discriminates on the basis of race is certainly a highly controversial conversation and the issue does not seem to be going anywhere.

 

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Explore more diversity and inclusion-related content here or discover more news stories here 

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