Fairer Finance accuses insurers of penalising poorer families
Consumer group Fairer Finance has accused UK car and home insurers of fuelling a “poverty premium” through opaque and data-heavy pricing models that penalise lower-income households.
In a new report published this week, the group alleges insurers are relying on up to 400 data points to determine premiums, many of which have no direct link to underlying risk.
Factors include
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