Geico, Consumer Groups Square Off Over Criteria

Media reports in The Washington Post that have been picked up by other outlets accuse Geico of discriminating against drivers by basing their premium on occupation and education level.

The results were announced by the Consumer Federation of America (CFA), an advocacy organization that told the Post it entered rate quote requests into Geico's web site for drivers with similar characteristics and attributes except for education and occupation. Geico and other insurers defended its actions in the Post article written by consumer financial mavens Albert Crenshaw and Caroline Mayer, but the CFA is reportedly set to ask regulators to change Geico's practices.

posted by Consumer Help Web Editorial Team at 11:49 AM |