Should insurance companies be required to inform customers their premium is affected by their credit score?

by Ginger Kazay

Actually, it is the law in many places that insurance companies must inform you that your premium is affected by your credit score. However, as an insurance agent, I found that...read more

by Swan Herbert

Yes, and if we note the fine print during the application process, we will find that insurance companies already do. Take, for instance, the Allstate on-line quote page "More ab...read more

by Saurabh Pal

God knows why, and surely the insurance companies know why, but it is true that Insurance is shrouded in complete mystery. The way the companies operate is a complete black hole...read more

by Eve Del Rey

Yes, all insurance companies should be required to inform their customers that their pay rates do in fact are based on their credit score. Insurance companies should be required...read more

by Allen Edwards

I worked for the two largest insurance companies in the country (State Farm and Allstate) for nine years, and I can say first-hand that the use of credit in determining rates is...read more

by Theresa Michael

Should your insurance company be required to tell you that your payment amount is affected by your credit score? Absolutely! Many people are looking for ways to lower their paym...read more

by Regina W

Yes they should be required to disclose this information to their customers. While it is true that their is not an immediate repair that can correct bad credit scores. I have w...read more

by E.A. Blank

Yes, insurance companies should absolutely be required to inform their customers of a higher rate due to the person's credit score. I personally feel a credit score should have ...read more

by Matthew J. Geiger

When insurance companies evaluate a potential customer for their insurance policy, there are several dimensions that go into determining the premium; the resulting rate is often...read more

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by David Irvine

The question you should be asking insurance companies based on the above is. Why does my credit score effect my insurance policy? This is discrimination on the biggest sc...read more