Major auto insurance companies are charging good drivers as much as 47 percent 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 percent 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 percent more, for state-mandated auto insurance coverage.

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