auto insurance rating News

Massachusetts Lawmakers Consider Limiting Zip Code Weight in Auto Rates

Massachusetts lawmakers are considering a measure that would curtail the use of geographical location in the rating of private passenger auto insurance, a factor that critics say now penalizes urban and minority drivers. But the insurance industry says zip codes …

Startup Loop Wins Funding for Fairer Auto Insurance Rating Model That Uses AI

Loop, a managing general agency focused on building an auto insurance model that does not utilize credit scores and ZIP codes, announced the close of a $3.25 million seed round last week. Freestyle.VC led the funding round, with participation from …

Drivers Disapprove of Non-Driving Insurance Factors, Says Consumer Group