Geico accused of unfair auto insurance rates
Chevy Chase, Md. (AP) - Geico is accused of refilling station workers in blue almost twice as much for auto insurance as a best-trained professionals.
The Consumer Federation of America calculated that Chevy Chase-based Geico driver uses levels of education and rates. The group bearing the name of the insurance regulatory authorities to the extent of the practice.
But Geico denies the assertion that it operates mainly education and labour as the only factors. The company says it uses numerous criteria, phrases and people from all levels of education are their best.
The consumer group said it sought rate quotations from Geico’s Web site for motorists in all 50 states and DC, entering data for drivers were identical, except for training and profession. Blue-collar drivers get higher prices, but in the six sites, including Fairfax County, Va.
State Farm, the largest nation of insurer is not a factor in the fields of education and occupation.
Geico has its headquarters in Maryland. It has a regional headquarters in Fredericksburg, Va., and a service and distribution center of Virginia Beach, Va.
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