by hummingbird » Mon Dec 31, 2007 04:51 pm
I was told that the price of insurance had to do with your credit. If you have good credit the insurance will be cheaper than if you have bad credit it is higher.If you have bad credit you may not be able to get insurance at all. How can that be? Sounds more like a loan than car insurance.
Posted: Mon Jan 07, 2008 11:01 am Post Subject:
a crook is a crook is a crook, no matter what area...and NONE of them like being caught! to tell the truth though, i have never KNOWINGLY done anything wrong and certainly not illegal in my claims handling, but when i know the DOI has a claim i was involved in i just hold my breath! I find them (at times, now i'm not talking about a complaint investigation, those are usually nothing)....very intimidating, and i don't intimidate easily! ha ha
Posted: Mon Aug 04, 2008 03:57 pm Post Subject: Credit scoring to determine auto insurance rates
I wonder if anyone knows of a class action lawsuit against auto insurers who use credit scoring as a way to determine auto insurance rates. Seems to me that since liability insurance is required by the state (in my case, Texas) - it should be based only on the driving record, nothing else...I'm speaking only of liability insurance here, and seems to me that the insurance companies who charge those with a lower credit score MORE for the state required coverage are stepping on the rights of the consumer.
Posted: Mon Aug 04, 2008 10:05 pm Post Subject:
Check your states Dept of Ins web site, they will generally tell you there if it is allowed or not in your state, and what manner (if any) of objection you can raise.
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