- Home
In Focus: Consumer Duty presents ‘huge opportunity’, but implementation has not been smooth- Briefing: The Silicon Valley Bank collapse – a case for an insurtech backstop?
- The Big Question April 2023: How can the insurance industry help improve current motor repair network models?
- Cost of living crisis may drive ‘dishonest customers’ to opportunistic fraud – Ifed
- News
- BrokerFest 2023
- Brokers
- Insurers
- Ratings
- Research
- Topics
- Products
- Events
- Expert Views
- Edition
FCA ‘nowhere to be seen’ as people of colour continue to pay more for motor insurance
’There is a truly worrying link between ethnicity and insurance costs,’ says chief executive
Citizens Advice research, released today (30 March 2023), has revealed that people of colour continue to pay more each year for their car insurance in comparison to white people.
An analysis of motor insurance costs found that firms were charging people of colour 40% more than white people, with this rising to almost 49% more for black customers.
Read more…
Read more diversity and inclusion-related content here or discover more news stories here
You need to register to continue reading the rest of this article and more for free.
(If you’re already registered, please sign in here.)
Register now
We’re glad you’ve chosen Insurance Times as your source for industry news and hope you’ve been enjoying reading articles from our award-winning team of journalists.
Gain access to more of our exclusive, breaking stories, interviews and news analysis as it happens. Registering is quick, easy, free, and will also have the additional benefits:
- Top level access to our Five Star service ratings across our annual Personal Lines, Commercial Lines, eTrading and MGA reports.
- A choice of daily and weekly email newsletters that suit you, to keep informed of news across the industry directly to your inbox.
As a subscriber you will benefit from unlimited access to our news and news analysis, magazine editions, special supplements, exclusive research reports and full access to the Five Star service rating microsites - view subscription options.