The bill also targets income proxies, which are sometimes used in the determination of auto rates when information about a person’s income is unavailable. (Credit: Rido/Adobe Stock)
A bill that would change the way auto insurance premiums are determined has been reintroduced in the U.S. House of Representatives. The Prohibit Auto Insurance Discrimination Act, or PAID Act, challenges what many argue are discriminatory considerations for determining a person’s auto insurance rates.
The bill was reintroduced by Representatives Rashida Tlaib, Bonnie Watson Coleman and Mark Takano. If passed, it would end the use of income, credit scores, education levels and other factors unrelated to a person’s driving history to set their premiums.
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Brittney Meredith-Miller
Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].
