Minority Neighborhoods Pay Higher Car Insurance Premiums Than White Areas With the Same Risk

[ORDER_66]

They have been doing this for years all that we get you the best rates for you is bullshyt.

 

[ORDER_66]

i mean no collision on my own car. like if i scratch or dent it on a pole, i dont get shyt. but if i hit someones elses car, my company will pay that person. costs me 50 a month

anyway i didnt mean to derail the thread, that shyt just stuck out to me like a motherfukker :deadjay:

You mean just have liability not full coverage correct...

 

[levitate]

OTIS NASH WORKS SIX DAYS A WEEK AT TWO JOBS, as a security guard and a pest control technician, but still struggles to make the $190.69 monthly Geico car insurance payment for his 2012 Honda Civic LX.

“I’m on the edge of homelessness,” said Nash, a 26-year-old Chicagoan who supports his wife and 7-year-old daughter. But “without a car, I can’t get to work, and then I can’t pay my rent.”



maybe make better choices i drive an 01 and i carry zero insurance on it, just insurance when i hit someone else. whereas this dude needs to drive a 2012 and carry collision on it, even though he's on the edge of homelessness and supporting a kid?

now the overall story sucks, but what a terrible example to use

But what does this have to do with the blatant race-based policy inequality that is expressed in the article?

Shift the narrative, brehs.

 

[levitate]

Dez Bryant would call this Fake News.

 

[the cac mamba]

But what does this have to do with the blatant race-based policy inequality that is expressed in the article?

Shift the narrative, brehs.

anyway i didnt mean to derail the thread, that shyt just stuck out to me like a motherfukker :deadjay:

 

[Sohh_lifted]

i mean no collision on my own car. like if i scratch or dent it on a pole, i dont get shyt. but if i hit someones elses car, my company will pay that person. costs me 50 a month

anyway i didnt mean to derail the thread, that shyt just stuck out to me like a motherfukker :deadjay:

I hope you never get involved in a hit and run

 

[the cac mamba]

I hope you never get involved in a hit and run

well what i realized is that insurance companies dont lose money when they cut you a check

say they have to cut you a check for 500 because you dented your car. theyre just gonna raise your rate and get that 500 back gradually

i figure over a lifetime of driving with full coverage on your car, say 50 years, you probably break the insurance company off the cost of a new car, maybe even two so fukk collision insurance

 

[Sohh_lifted]

well what i realized is that insurance companies dont lose money when they cut you a check

say they have to cut you a check for 500 because you dented your car. theyre just gonna raise your rate and get that 500 back gradually

i figure over a lifetime of driving with full coverage on your car, say 50 years, you probably break the insurance company off the cost of a new car, maybe even two so fukk collision insurance

So why do minorities have to pay higher rates?

 

[ORDER_66]

So why do minorities have to pay higher rates?

Because they're black.... and no one is gonna fight for us to get a fair shake.

 

[Zee Scribe]

No. No and just no.

Insurance companies charge you on all risks. That includes your address, driving areas, state, city and county.


My friend who is Black has a M7 2016 and he pays less than me for my 2008 IS 250.

Newer cars are safer and they still have lots of warranty. I told my wife we gonna have to scrap our insurance and shop around. Progressive is raping us. I pay 225 a month for 2 cars. Like WTH lol.

What are you even talking about? Another post that has nothing to do with the premise of the thread.

 

[the cac mamba]

So why do minorities have to pay higher rates?

it sounds like racism

 

[Sohh_lifted]

it sounds like racism

The point of this thread got it

 

[Gizza]

Let's go deeper gas,groceries literally everything more in "urban" areas. Charging $60 for psn yr long membership, while it's $49 in the "nice" areas. Chevron $2.99 in lake of the pines $3 & some change in the arden area. These studies are for the idiots who won't believe us yet nothing will change. I was getting killed for havin a 19 yr old V8 Thunderbird

 

[Pressure]

Yet Hedges, who is a 34-year-old advertising executive, pays only $54.67 a month to insure his 2015 Audi Q5 Quattro sports utility vehicle

 

[Pressure]

also,

Our findings document what consumer advocates have long suspected: Despite laws in almost every state banning discriminatory rate-setting, some minority neighborhoods pay higher auto insurance premiums than do white areas with similar payouts on claims. This disparity may amount to a subtler form of redlining, a term that traditionally refers to denial of services or products to minority areas. And, since minorities tend to lag behind whites in income, they may be hard-pressed to afford the higher payments.

There's actually nothing wrong with this if you do indeed live in an area where people tend to fall behind on their payments. I imagine these same people also have to put down down payments for their power as well.


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