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California Bans Car Insurance Companies From Using Gender To Determine Rates

Video Credit: Wochit News - Duration: 00:49s - Published < > Embed
California Bans Car Insurance Companies From Using Gender To Determine Rates

California Bans Car Insurance Companies From Using Gender To Determine Rates

California is the sixth state to ban car insurance companies from determining auto rates based on gender, according to The New York Times.

While it could equalize rates for both genders, teen boys are expected to benefit the most with an average 5% decrease in their auto rates.

Auto rates are determined by a variety of factors, including safety records, driving experience, your career, your vehicle's safety features, and the cost to repair or replace the vehicle.

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California Bans Car Insurance Companies From Using Gender To Determine Rates

TUESDAY, AUG.

7, 2018, FILE PHOTO.




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