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AUTO INSURANCE AND CREDIT REPORTS, What does one have to do with the other?

richcu asked:


Ago but think its bull that one can be denied car insurance or pay a higher premium because your credit may be lower than some other individuals. Why are we leaving the car insurance companies get the buy? Even the cars that insurance companies have access to our history Creit do not have any?? No sense and are another invasion of our privacy. This practice should be outlawed. What credit score and auto insurance have to do again with each other? kendrickflorida A credit account is not based on just the time you've paid your bills or even time. For example I have probably 40 different avenues of credit. I have lots of money to everyone but these accounts have been activated 20 to 25 years, I have never even been late for a payment in all those years. Now I have the same auto insurance company in 49 and started when I was 16 so that they are 33 years. ordassity have to tell me that your credit score is lower than Bill Gates so you have to pay more if you have been our customer for 33 years and is a good driver and had no claim. Do you think you get the same rate as Bill Gates? probably not. I say again that what does car insurance have to do with the credit account.

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