New Bill Aims To Prevent Insurers Checking Education Levels, Incomes

A bill filed last week could potentially prevent insurance companies from charging customers based on their educational background and/or income. Specifically, the bill — sponsored by a New Jersey congresswoman — would prohibit certain income information from being used to set insurance rates. It is set to be discussed at a hearing with the House Financial Services Committee. In November, WINK News conducted a demonstration with a local bartender, discovering that if she changed her occupation to lawyer as she filled out an auto insurance quote, she could save up to $15 monthly.