WebMar 22, 2024 · A year-long investigation by Citizens Advice. has found that people from minority ethnic backgrounds are paying more for car insurance (Image: Photo by Fortune Vieyra on Unsplash) ... In postcodes where more than 50% of the population are from ethnic minority backgrounds, the charity found an “ethnicity penalty” of at least £280 a … WebThis 725,000 people of colour affected by the ethnicity penalty was multiplied by the individual ethnicity penalty to get the total ethnicity penalty of £180 million. Walnut Unlimited conducted an online poll of 6,000 adults in the UK conducted for Citizens Advice. Fieldwork was conducted between 9th January – 8th February 2024.
People from ethnic minorities pay more for car insurance …
WebMar 22, 2024 · The majority of the personal details submitted online, including car, job and no claims history, remained the same. In postcodes where more than 50% of the population are from ethnic minority backgrounds, the charity found an “ethnicity penalty” of … WebMar 22, 2024 · It has now called on the Financial Conduct Authority to ensure insurers are treating all customers equally. Dame Clare Moriarty, chief executive of Citizens Advice, said: “For too long the impenetrable nature of insurance pricing has just been accepted, but a £280-a-year ethnicity penalty cannot be allowed to continue. serena williams gr
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?… 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 ... serena williams first major win