Car insurance premiums increase as income decreases

car insurance premiums breakdown

A new study revealed that the less a driver earns, the more he or she is likely to pay. The Consumer Federation of America (CFA) recently conducted a study on car insurance premiums. They compared the rates paid by white collar drivers with those of blue collar drivers. The research showed blue collar drivers pay a lot more than white collar drivers for auto insurance. Moreover, the difference wasn’t small. The research discovered a massive difference between the two. Blue collar drivers pay an average of $681 more than white…

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