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Major auto insurance companies are charging good drivers as much as 47% more for basic liability Auto insurance if they don’t own their home, according to an analysis of premiums by the Washington, D.C.-based Consumer Federation of America (CFA). 

Based on a sampling of insurance quotes across the country for a 30-year old safe driver, the CFA found that premiums averaged 7% higher — about $112 per year — for drivers who rent instead of own homes. Liberty Mutual penalized renters the most with premium hikes averaging $307 a year, or 19% more, for state-mandated auto insurance coverage.

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