Geico accused of discriminatory rate setting criteria in New Jersey

According to a New Jersey Citizen consumer advocate organization, Geico sets it’s rates based upon factors such as  level of education and job status.    Geico denied these allegations which some say may ultimately translate into discrimation on racial lines.

“New Jersey Citizen Action said it obtained 449 rate quotes from Geico’s Web site and found the average quote for those without a college degree was 19 percent higher than for those who have one. It also found the average quote for those with a blue collar-type job was 27 percent higher than those with a professional job.”   read more.

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