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

[Zach Leahy]

I find it interesting that there is a lot of people here who have ahd state
farm and switch or just don't like them.  My results have always been
nothing but fabulous, and my rates are cheaper than anyone else I compared
to.  Now having 2 cars, a motorcycle, and a house all there is helping a
lot.  We have even talked about a loan for a new M/C with a very good rate
in the past.  The few claims I have had, non my fault - were handled really
well.  My whole family has them, and i have seen State Farm take fast action
against deadbeats that won't pay up in an accident (other insurance
companies) or uninsured drivers.  I agree,  I think it varies highly on your
office and who you deal with though.

Zach Leahy
Fort Wayne, IN
1985 BMW K100RT - For Sale!!
1992 SHO MTX - Arrest Me Red
1993 SHO MTX - Green Racecar


On 4/27/06, Barry Hayes <barry@kingcon.com> wrote:
>
> Unfortunately credit rating is becoming the holy grail for everything. I
> am divorced. My ex was my business partner and handled the finances. Or
> should I say mishandled them. I didn't keep a sharp enough eye on things
> and when we split eventually the business went south. Long story
> shortened things got worse and I lost my house. I had to apply to a low
> income housing authority for a place to live. I was denied because I had
> "bad credit" Why did they think I was applying to them in the first place?
> The same thing happens with job applications when an employer can do a
> credit check. Chances are you need the job to get or stay out of debt,
> yet they can deny you because of it.
> I do community theatre and just recently I was in a play about a man who
> could not get into heaven because his credit score was too low! Art
> echoing life?
> I agree that it is, or should be wrong to base insurance rates on credit
> since you are paying up front, or at least as you go on installments.
> There are too many reasons a person's credit can be affected for this to
> be a valid criteria.
> Many years ago, insurance companies could cancel a whole family if even
> one member had an accident. I was once dropped by State Farm for
> allegedly not answering an application question truthfully. They asked
> about traffic convictions and I answered "none". Their check showed I
> had received a ticket. It didn't matter to them that I was contesting it
> and it had yet to go to court, as far as they were concerned it was a
> conviction! In fact the agent told me that as far as the company was
> concerned I wouldn't have gotten the ticket if I wasn't guilty so I must
> be a liar! (Very catch 22 eh?) The idea of innocent until proven guilty
> is not a insurance company paradigm. Public pressure on legislatures
> helped end some of that kind of abuse but perhaps the time has come to
> "revolt" again. I only wish I knew how. Refusing to buy their product is
> the only sure answer but that is illegal in most states since insurance
> is required.
> Probably only the state and federal legislatures can actually do
> something but for that to happen they must be pressured big time from
> the voting public, because the only thing politicians listen to more
> than large corporations with money is large numbers of voters.
> I wish a had a practical solution. All I can think of is for everybody
> to refuse to insure, something which will never happen in our litigious
> society. But what if...
>
> Barry Hayes
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