WebMar 22, 2024 · Citizens Advice has urged the UK’s financial regulator to investigate possible evidence of an “ethnicity penalty” in the car insurance market, after the charity found that … WebThis gave the individual ethnicity penalty of £282.81. Citizens Advice used ward level population data from the 2011 census to calculate the number of white people and people of colour living in diverse areas in England. 1,895,567 people of colour live in areas its research has shown are impacted by the ethnicity penalty in comparison to ...
FCA ‘nowhere to be seen’ as people of colour continue to pay …
WebMar 22, 2024 · Citizens Advice has urged the UK’s financial regulator to investigate possible evidence of an “ethnicity penalty” in the car insurance market, after the charity found that people of colour ... WebMar 25, 2024 · The relationship between ethnic minority groups and insurers faced further scrutiny in March 2024 following research from charity Citizens Advice, which revealed that people of colour paid more for their car insurance in 2024 compared to white drivers. Dubbing this the “ethnicity penalty,” the year-long study, which analysed 18,000 car ... great valley cattaraugus new york
Motorists paying ‘ethnicity penalty’ for car insurance, says Citizens ...
WebThere’s a big obvious question that doesn’t seem to have been raised so far in relation to the Citizens Advice ethnicity penalty report. It’s this - to what degree does the problem in pricing set out in their report reflect a problem with the diversity of the people working in digital insurance?… WebMar 22, 2024 · Mon 21 Mar 2024 20.01 EDT Last modified on Mon 21 Mar 2024 20.03 EDT Hundreds of thousands of people of colour may be paying an “ethnicity penalty” of at … WebMar 22, 2024 · Hundreds of thousands of people of colour may be paying an “ethnicity penalty” of at least £250 a year each in higher car insurance costs, an investigation by Citizens Advice has claimed. great valley elementary manteca