From the March 2012 issue of American Agent & Broker •Subscribe!

IQ: Survey: Disabled Pay More for Auto Insurance

Disabled individuals pay $600 more annually, on average, for car insurance than non-disabled individuals, according to a new study by the quote comparison website 4AutoInsuranceQuote.org.

The study surveyed 623 New York residents aged 25 to 50 who were the sole insureds on their auto policies, about one-quarter of whom were disabled. The results reported that disabled people paid $2,810 annually, on average, whereas non-disabled people paid $2,193.

According to the Americans With Disabilities Act of 1990, any type of anti-disability discrimination is illegal, but many insurance companies avoid violating the law by adding on fees for services disabled individuals might need. Additional coverage types may include adaptation coverage to add on wheel-chair lifts, mobility insurance and equipment coverage to cover medical devices.

Comments

Resource Center

View All »

Complimentary Case Study: Helping achieve your financial goals By:...

Find out how a Special Investigation Union used TLOxp to save the company money and...

Do Your Clients Hold The Right CDL License?

Learn about the various classes of CDL Licenses and the industries that are impacted by...

Integrated Content & Communications: A Key Business Issue For Insurers

Insurers are renewing their focus on top line growth, and many are learning that growth...

High Risk Insurance Coverage in the E&S Market

Experts discuss market conditions, trends and projected growth in a rapidly changing niche.

Top E-Signature Security Requirements

This white paper covers the most important security features to look for when evaluating e-signatures...

EPLI Programs Crafted Just For Your Clients

Bring us your restaurant clients, associations and other groups and we’ll help you win more...

Is It Time To Step Up And Own An Agency?

Download this eBook for insight on how to determine if owning an agency is right...

Claims - The Good The Bad And The Ugly

Fraudulent claims cost the industry and the public thousands of dollars in losses. This article...

Leveraging BI for Improved Claims Performance and Results

If claims organizations do not avail themselves of the latest business intelligence (BI) tools, they...

Top 10 Legal Requirements for E-Signatures in Insurance

Want to make sure you’ve covered all your bases when adopting e-signatures? Learn how to...

Personal Lines Pro eNewsletter

Critical insights into the personal auto, homeowners, and other consumer insurance markets to help P&C professionals stay informed – FREE! Sign Up Now!

Advertisement. Closing in 15 seconds.