Farmers Insurance Exchange Must Make Refunds To 1,600 Drivers

Farmers Insurance Exchange will refund $315,000 to more than 1,600 Minnesota drivers, after authorities found that the firm wrongfully charged the said drivers with higher auto insurance rates. The state’s Commerce Department said the insurer charged drivers with higher rates solely because they were home renters rather than homeowners. Minnesota law prohibits firms from setting auto insurance rates or benefits, or denying coverage, based on a driver’s status as a residential tenant. “You should not be forced to buy a house in order to get a fair price on your auto insurance,” said state Commerce Commissioner Mike Rothman.