Drivers with the same vehicle and driving record may pay different rates based on their job title and education level.
On Geico’s website, Heller created a fictitious driver named Michael Tester who just turned 35, is single, lives in Bay Park and drives a 2017 Toyota Camry, which he finances.Heller then gave him a perfect driving record and a job as a hospital administrator. He selected $50,000/$100,000 as the bodily injury coverage limit, which resulted in a policy costing $101.86 per month.
"More products" include home, boat and jewelry insurance. The problem with that, said Heller, is lower-income drivers end up subsidizing auto-insurance discounts for wealthier drivers. “The impact is clear and the impact is inequitable,” Henley said, “and that’s something [Insurance Commissioner of California Ricardo] Lara wants to fix.”
“Because you weren’t provided with the full array of factors like an insurance company does and what the department does,” Maviglio said, “and that’s where you’re being hoodwinked. You have to get the full range, every little thing that goes into that, and the only way to do that is go back to the department’s files, look at how these rates for affinity groups are determined, and look at all those factors — go through that.
“Restricting the definition is what’s going to cost an average driver 200 bucks or more,” Maviglio said.“That kind of statement couldn’t be farther from the truth…," California Deputy Insurance Commissioner Henley said."Insurers have engaged in scare tactics to tell them they will lose their discounts.”
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