FCA ‘nowhere to be seen’ as people of colour continue to pay more for motor insurance

Equality and Diversity

’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.

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