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Posted in Auto Insurance
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Question By
tuck1952

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What is my auto insurance score ?

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consumer

Helpful to 15 out of 18 people

The practice of using a person's credit score to calculate car insurance premiums must be changed.  I am driving a car, not applying for a mortgage or asking for credit for purchases! Washing State Insurance Commission tells me this is standard practice, regardless of your driving record; if your credit score is poor - you will pay high insurance premiums.  Likewise, you can have citations on your driving record - but if your credit score is high, your premium will be less.  CONTACT YOUR STATE REPRESENTATIVE FOR YOUR DISTRICT AS THIS PRACTICE MUST CHANGE!

Virginia J. Johnson

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Reply by
Nomadre

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Helpful to 2 out of 8 people

They have statistics that show people with certain bad credit habits are also more likely to sue, have a crash, and cost the insurance company money.  Why should the people who are not irresponsible have to pay to cover people who are.  The practice is a good one for people who take responsibility in all aspects of their life.

Reply by
digbgy

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Helpful to 2 out of 3 people

Most companies only care if you have negative marks for non-payment of insurance. Source: I'm an insurance agent.

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Reply by
JohnnyRain127

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684 People Helped

One can find out more about what in your credit profile might affect your insurance premiums...

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https://consumer-solutions.custhelp.com/app/answers/detail/a_id/2523/~/how-do-i-learn-more-about-scores-and-reason-codes%3F

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Helpful to 5 out of 7 people

Per consumer reports "Cherry-picking about 30 of almost 130 elements in a credit report, each insurer creates a proprietary score that’s very different from the FICO score you might be familiar with, so that one can’t be used to guess the other reliably."

Therefore unless we get lucky and find someone in the industry to post on the boards, we can only guess.  but infact this is not much different than what we do with all scores, since we do not know which FICO system or even other scoring system anyone uses.  But we can know that if we are pushing up our Vantage score, it can only help with the insurance scores and visa versa.

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Discrimination against those who pay pre

Helpful to 1 out of 1 people

Why is it that (We) who pay their insurance premiums automatically are still being discriminated against because The Insurance Commission wants to call Demographics [MORE $] HIGHER RATES! How is this even Legal? This means we get a lousy credit score because of these bogus guidelines that are not independently set for the business reason intended! Come on America squash this and put it back on your families dinner table.

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Car Insurance & Credit Cards.

I always pay mine every six months, on time, never late. 40 years I have been with Allstate and haven't had a ticket or moving violation since the 70's. Knock on wood. Why isn't that included in my credit score? Mine is great, not complaining but right now I do have a balance on my credit card. For some odd reason, my credit doesn't reflect. It says I haven't had anything on my card since Feb. I have a balance that I will pay off in a few days in March. I don't understand why that isn't on my credit score, among other things. I had a problem last month with my credit card. I paid it early and then they paid it again on their due date. I wanted to set up a pay in full, which I did this year. They put it into installments. I always pay in full each month. Why can't they just pay it in full as I requested? 

Reply by
kathlen

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Enter Your Replyyou have to leave a balance on your credit cardfor a month for it to show.......try using it and paying the balance in a 2 month period.......

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4 People Helped

Helpful to 4 out of 9 people

What is a insurance score?

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