Saturday, April 4, 2009

Auto Insurance Rates Under Legislative Scrutiny

What is the biggest factor in lowering your auto insurance rates?
Having no tickets during the last five years? Driving an older car? Having no teenage drivers in your household? Not having a Rolls Royce?
Everything seems to be a factor, but some people are unaware that a huge factor is your credit score. Yes, your credit score.
Longtime Hartford Courant insurance reporter Diane Levick is reporting the following:
A Connecticut legislative panel has passed a bill that would further restrict auto insurers' use of consumer credit information to judge applicants and figure premiums, rather than ban the use of such data altogether.

Source