An Auto Insurance Lifeline for Safe Driving, Lower-Income Marylanders

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From the Abell Foundation:

Too many Maryland drivers face prohibitively high auto insurance premiums when trying to comply with the state's mandatory insurance. For these residents, the options of not driving at all or driving uninsured in violation of state law each comes with deep downsides - economic immobility or expensive fines. Additionally, deep-seated racial inequities and discriminatory insurance pricing have long hampered economic mobility in several African American communities of Maryland, especially Baltimore City.

In our latest report, An Auto Insurance Lifeline for Safe Driving, Lower-Income Marylanders, author Doug Heller, an insurance expert for Consumer Federation of America, looks at the current auto insurance landscape for lower-income Maryland drivers and proposes an alternative insurance program for lower-income safe drivers modeled on the California Low Cost Automobile Insurance Program.

A Maryland Lifeline Auto Insurance program would confront discriminatory pricing in the market and provide an important opportunity for many thousands of Maryland drivers to improve both their literal and economic mobility.

Read the full report.
 
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