New Jersey resident Anna “Cuqui” Rivera, a high school graduate who works as a labor and civil rights activist and moonlights as a DJ, was paying almost $3,000 annually for auto insurance with one of the big companies. Now, she pays almost $2,000 less for coverage on her 2016 Jeep.
The difference? Her new, smaller insurance company doesn’t take into account her education level or occupation in setting her rate.
A bill in the New Jersey legislature would prohibit all auto insurance companies from considering “non-driving” factors such as education, occupation or credit score in determining rates. A handful of states already have such bans, and more states have been considering them.
