: Is your credit score driving up your car-insurance premium? Black and Latino New Yorkers face an ‘illogical and deeply unfair’ pricing model, a new report says.

Published: April 28, 2023 at 3:34 p.m. ET

Good drivers living in Brooklyn might pay $1,861 in annual insurance premiums if they have excellent credit — and $5,971 if they have poor credit

“It is illogical and deeply unfair for auto insurers to impose a greater surcharge on a policyholder for poor credit than is imposed on a customer with a drunk driving conviction on their record,” say the authors of a new report.

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In New York state, a person with a perfect driving record and poor credit history may pay almost three times as much in average auto-insurance premiums each year as someone with a similar driving record and excellent credit, according to a new report from consumer advocates.

Statewide, New Yorkers with clean driving records and excellent…

Good drivers living in Brooklyn might pay $1,861 in annual insurance premiums if they have excellent credit — and $5,971 if they have poor credit

“It is illogical and deeply unfair for auto insurers to impose a greater surcharge on a policyholder for poor credit than is imposed on a customer with a drunk driving conviction on their record,” say the authors of a new report.