[Shotimes] Re: Semi OT - Insurance rates/Credit Rating

[Dave Garber]

See, that's where I disagree. There are so many things that affect that
rating, to suggest that it's a good indicator of 'responsibility' is a
specious argument at best. What if I was sick, off work and had to file
bankruptcy? What if a divorce caused me to take a hit on my credit? A Layoff?
Are you suggesting that these things indicate a lack of "responsibility"?

The only criteria an insurance company should need to gauge 'responsibility'
should be accident reports and claims records. Beyond that - again, what does
my credit rating have to do with my insurance rates? I'm not asking for
"credit". I'm not asking for them to cover my car now, while I pay later. I
sure as hell aren't asking them to pay a claim now, and allow me to pay it
back over time??

Dave Garber
Pittsburgh, PA
99 White, 97k
99 Silver, 80k


  ----- Original Message -----
  From: Scott Krietemeyer
  To: Dave Garber
  Cc: v8sho@v8sho.com ; shotimes
  Sent: Wednesday, April 26, 2006 9:20 AM
  Subject: Re: Semi OT - Insurance rates/Credit Rating


  As much as it pains me to suggest it, I believe the credit rating is a good
measure of "responsibility", the insurance companies could look at this from
various angles, including such things as *gasp* fraud.

  Scott


  On 4/26/06, Dave Garber <dave.garber@comcast.net> wrote:
    Was checking on a couple different insurance companies to see if my
current rates are competitive (I usually do that every few years), but I
hadn't done it in a while.

    Can someone tell me why my credit rating is used as a determining factor
in calculating an insurance rate for my car? WTF does my credit rating have to
do with a service that I pay for in advance? They aren't giving me anything on
credit. I pay, they cover. If I don't pay, they drop me. Am I missing
something here? Are they to have me believe that credit rating is somehow
related to driving skill or propensity to have an accident? Have I mentioned
how much I despise insurance companies?


    Dave Garber
    Pittsburgh, PA
    99 White, 97k
    99 Silver, 80k