Why is auto insurance in my state now baseing premiums on your credit? Isn’t that discrimination?
Wednesday, January 21st, 2009 at
6:55 pm
Comments (5)
cococremejuju asked:
I received a notice saying that my auto insurance rates may be different based off of my credit starting in August. That’s when I renew. They hadn’t been doing it like this, so why are they doing it now? I pay my insurance on time every month, so why slap me with a major price increase because my credit score *****? Does anyone know the stupid reasoning behind insurance companies adjusting prices based on creditworthiness for current and future customers?
I received a notice saying that my auto insurance rates may be different based off of my credit starting in August. That’s when I renew. They hadn’t been doing it like this, so why are they doing it now? I pay my insurance on time every month, so why slap me with a major price increase because my credit score *****? Does anyone know the stupid reasoning behind insurance companies adjusting prices based on creditworthiness for current and future customers?
