How do you feel about your credit score being used for car insurance rate?

[b5blue]

You know your credit score is used to set how much you pay for insurance on your car right? (Not just if you "make payments") WHY?    (Why isn't my driving record used for my credit rating then?) 

[nh_mopar_fan]

"Why isn't my driving record used for my credit rating then?"

Don't give them any ideas!

[Troy]

It's used for determining whether you get a job offer as well.

Troy

[ITSA426]

I don't think it should be used.  It's a stretch to find a link between driving and creditworthiness, especially in this economy.  If you carry no debt and pay all your bills on time it hurts your credit rating.  A rough financial patch can pretty well screw you for life and any medical or financial crisis can keep you on the bottom of the food chain.

[BigBlackDodge]

It's just another way the man keeps you down!


BBD

[b5blue]

  Try dealing with "LexisNexis Consumer Center" when they erroneously report to your insurance company.
  As my mobile home park has an address that starts the same for all homes with the LOT number being different, the dip wads included every accident claim that has happened in the park on my "household". Then as they further count the number of credit inquires for your credit rating....they count their own inquires to your credit against you! Be certain to check WHAT they report as it's most likely wrong. It must be listed with your policy, but I warn you the system is designed NOT to be corrected and is incredibly frustrating to deal with.   

[kab69440]

I don't believe anyone's credit score should be available to anyone they haven't applied to borrow money from. Why does the entire world seem to need my credit score?  Why are these multi-billion dollar corporations allowed to exploit my misery for profit without compensating me?

[A383Wing]

we moved a while ago...I was driving 55 miles round trip from old house...we found house closer to work, now I have a 7 mile round trip commute...my insurance went up

Why?

Because the "zipcode" I now live in has more insurance claims against them compared to the one I left...even though I drive 48 miles less

that's not right in my opinion

[68X426]

It's a stretch to find a link between driving and creditworthiness, especially in this economy. 

Correct.

However there is a direct (and significant) statistical correlation between insurance fraud and creditworthiness. The cause has some debate, but the correlation is clear. Sorry, it's a dishonest world out there, and "especially in this economy" fraud of all types has increased. It holds true for life insurance, health insurance, disability insurance, workers comp insurance, home owners insurance, etc. And especially for auto insurance.

Well documented, insurance fraud increases with the general population's choice to not pay bills. Blame it on a hundred factors, but for our society has people who don't pay their obligations. Credit scores measure a person's history of paying bills as well as future credit worthiness. Lots of folks are not paying their bills and guess what, false insurance claims increase, slip and fall "accidents" happen, cars just "disappear", back injuries "develop", stress syndromes materialize, etc, etc, etc. So the insured's financial history is a legitimate consideration in today's world. Because people cheat.

Just sayin'.

[Kern Dog]

While I agree with the above post, WHY do people use that  phrase..."just sayin"...? It means nothing.

[68X426]

Jeez, first time I ever used it, just so I wouldn't get picked on, and what happens, I get picked on.

Just being light hearted. Reason I used it was to convey that I was reporting facts, not trying to defend an insurance company. Frankly I didn't want to go down the road where somebody would write that I was "representing the Man" or wasn't "one with the people", or "had an agenda" etc.

This is a great discussion and I was hoping no one would inject even more murky stuff about rights, privacy, corporations, politics, the rich, the poor, the struggle, and so on. From now on I'll simply state that I'm presenting facts and not taking a side of right or wrong.

It is what it is. Thanks, Dan. 

[John_Kunkel]

Years ago there was a big flap in the news because an insurance company refused auto insurance to a couple that kept a dirty house. It's all about "responsibility" or the insurance company's concept of it.