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

[Ron Porter]

Using their argument (which Ryan has detailed in his post), you will have a
greater tendency to file claims...and possibly even fraudulent
claims....regardless of why you have bad credit.

Ron Porter 

  _____  

From: Dave Garber [mailto:dave.garber@comcast.net] 
Sent: Wednesday, April 26, 2006 9:28 AM
To: Scott Krietemeyer
Cc: v8sho@v8sho.com; shotimes
Subject: Re: Semi OT - Insurance rates/Credit Rating

 

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 <mailto:ven0msho@gmail.com>  

To: Dave <mailto:dave.garber@comcast.net>  Garber 

Cc: v8sho@v8sho.com ; shotimes <mailto:shotimes@autox.team.net>  

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