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Posted in Auto Insurance
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Question By
tuck1952

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4 People Helped
What is my auto insurance score ?

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consumer

Helpful to 38 out of 42 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

491 Contributions
211 People Helped
Helpful to 7 out of 26 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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19 People Helped
Helpful to 19 out of 21 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

1207 Contributions
1721 People Helped
Helpful to 4 out of 5 people

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

Reply by
lsw1121

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0 People Helped

Really Nomadre - I am a SAFE DRIVER with no accidents and pay out the a** becuase I missed a few payments on my car when it died and I had to repair it - why should I have to pay a higher rate when my driving record is spotless - people like you disgust me

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10 People Helped

Discrimination against those who pay pre

Helpful to 10 out of 12 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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491 Contributions
211 People Helped

Helpful to 8 out of 10 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.

6 Contributions
7 People Helped

Auto insurance ripoff

Helpful to 4 out of 4 people

Same deal for paying your utilities on time either. Many major utility companies will ding your credit for major lates (60, 90 120 days late)
but don't report your decades of positive payments

6 Contributions
7 People Helped

Car Insurance & Credit Cards.

Helpful to 6 out of 10 people

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

1 Contribution
4 People Helped
Helpful to 4 out of 7 people

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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5 People Helped

Helpful to 5 out of 11 people

What is a insurance score?

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