Auto Insurance Cost More for Poor

According to consumer group, Consumer Federation of America, auto insurance costs more for poor people. Insurance carriers are prohibited from basing premiums on a person’s income, but they can use a person’s credit rating, home address and occupation. According to the consumer group, these factors are merely surrogates for income. According to the consumer group, required insurance costs account for a significant portion out of low-income workers. The group suggests that this may be a reason that many drivers are uninsured. Studies show that a significant portion of Texas drivers are uninsured. If you do not carry uninsured motorist coverage on your insurance policy, look into today. The ramifications of not having this coverage can be significant.

The Stewart Law Firm is dedicated to serving the needs of those injured by the negligence of others. If you or a loved one have a question about an injury accident, call The Stewart Law Firm today for a free consultation. The Stewart Law Firm handles cases involving catastrophic personal injury, wrongful death, and defective products. You can reach The Stewart Law Firm, toll-free, at (877) 326-0411. Visit us on the web at www.thestewartlawfirm.net.