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Why falling credit may cost you higher insurance premiums

UPDATED WITH VIDEO: Check out how your credit rating and other factors impact your auto insurance premiums.

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ladyhawk415 - 7/1/2009 7:34 AM
My auto insurance has to do with one thing and one thing only...how safely I operate my vehicle. If you pay for your tags, haven't had an accident or ticket in 20 years, what business is it of theirs whether or not I have a credit card?! With the unemployment rate what it is now, this is just another scam by large companies to rationalize screwing consumers. If you really want to talk about risky behavior, let's talk big business...

kalshnicovdude - 7/1/2009 1:56 AM
ClarePCI really,take your B.S. insurance company redirect and stuff it!There is nothing you can say to defend the crooks and politicians that have been ripping people off in this state for years.I hope all insurance company employees die a long painful death.You too for trying to defend them.

ClarePCI - 6/30/2009 2:56 PM
The article fails to mention that most people benefit because insurers consider credit information. Studies show credit is one of the most, if the not the most, predictive rating factors available to insurers. The more accurately insurance companies can price, the better they can compete, and increased competition leads to greater choice and lower costs for consumers. And despite some reports, credit agencies are still reporting that the vast majority of credit scores are remaining steady.

ASUgal - 6/29/2009 9:15 PM
Just do like the illegals, don't even bother with insurance! Insurance is just another scam, much like the obama administration. USA = PEWP.

trucker - 6/29/2009 1:52 PM
Insurance companies are a huge scam. Potential employers are also checking our credit rating, before concidering hiring. Absolutelly unbelievable- I said what business is it of theirs, I was told that they don't want to deal with wage garnishment. After paying into an ins company for years with no claims, then when something happens, rate goes up, they drop you, & do everything they can to get out of paying.

kalshnicovdude - 6/29/2009 1:32 PM
The government mandates that I be financially responsible?Thats a hoot!This is double taxation without representation.We must pay for insurance and yet we must buy "uninsured motorist protection" in case one of the drunks that is not in jail like he should be after the third time he's killed or maimed and destroyed property?Or when the illegal with a stolen Id creams your only transportation and runs back to Mexico.Now the insurance companies know everybodys credit is low so they start raising rates for people with low credit ratings.Repeal mandatory insurance in AZ now!This is yet another reason why the people need to take drastic measures to correct government.We are approaching critical mass here.Politicians for God's sake,pull your heads soon out or get taken out of office and,well you wont like it.And I got something for insurance company reps!

Db2008 - 6/29/2009 1:11 PM
Yes I'll be doing the same thing. American Family same crap after so many yrs with I'll be changing ins. co. Wth does the credit score has to do with a safe driver? Or who gave them authorization to get into people personal business? I don't remember signing anything .

MVILLELA - 6/29/2009 1:08 PM
WELL GOOD NEWS GO TO NATIONAL INSURANCE CENTERS THEY DONT CHECK YOUR CREDIT AT ALL AND THEY HAVE GOOD DEALS



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