NEW YORK-African-Americans pay a lot more for auto-insurance than drivers of other races according to a new study. The study was for male drivers in New York, where auto insurance tends to be very high in poor and working class neighborhoods. The San Francisco Gate reports:
4AutoInsuranceQuote.org surveyed 600 male Manhattan residents in conducting this study. The results, they said, were shockingly lopsided. “Not only did black people pay the most for car insurance,” owner James Shaffer said, “they paid the most by a landslide. It was something that really concerned us, so we had to figure out why.”
The data showed that while Asian men paid $1945/year and white men paid $2193/year, black men paid $2910/year on average. When explaining why African-Americans are faced with much higher auto insurance costs, 4AutoInsuranceQuote.org cited the factors that can affect insurance costs, most notably: your credit score, the safety of your neighborhood, whether or not you are married, and your employment status.