Legal Question in Insurance Law in Florida
Age Discrimination?
Why is it that car insurance companies can charge more based on your age sex and martial status etc? Isn’t that discrimination? What give’s them this power? To charge more based on personal unchangeable factors ? How do they justify this?
Asked on 1/01/07, 4:37 am
1 Answer from Attorneys
Alan Wagner
Wagner, McLaughlin & Whittemore P.A.
Re: Age Discrimination?
It is justified by the stiatical evidence of the risk of loss inherennt in those broad catagories. Like it or not, a single male is more likely to be in a car accident (and generate a loss for the insurance company) than a 45 year old married man. It is discrimination, if you mean that they are treating people differently, but the discrimination has a basis in fact and historical statistics about accidents and who causes them.
Answered on 1/01/07, 2:29 pm
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