Poverty premium adds £224 to motor insurance costs
The “tax on being poor” identified by the Financial Conduct Authority’s former head of insurance Matt Brewis remains firmly in place, according to new research from Fair By Design and the University of Bristol’s Personal Finance Research Centre.
The campaigning group and research centre found low-income motorists are still paying an average of £224 more a year for cover than well-off drivers because of where they live and the cost of paying
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