My Home and Auto Insurance went up and I mean way UP!!

[Blue_Ray]

[DisneyGirl]

You may want to shop around for a different insurance company. When we filed ours went up so we called around and found that Geico didn't check credit scores so we switched to them and our car insurance went back down.

[HeatherB]

I go thru geico, too. I think their rates are actually pretty fair. It didn't increase when I filed bk and it didn't increase when my husband was in an accident. (it actually went down!)

[Blue_Ray]

How about home insurance?

[Boscoe]

I feel for you, really do. I think it is absolutely B%#& S&*@ that any state is allowed to do this.....I am just glad I live in a state (MA) that prohibits this predatory behavior.

[guzzie]

sorry to hear that....hope your luck changes with the bk and fresh start....guzzie

[lrprn]

(This was posted by Boscoe - had a glitch merging your duplicate threads...)

I feel for you, really do. I think it is absolutely B%#& S&*@ that any state is allowed to do this.....I am just glad I live in a state (MA) that prohibits this predatory behavior.

[lrprn]

(This was posted by Guzzie in your duplicate thread...same merge glitch....)

sorry to hear that....hope your luck changes with the bk and fresh start....guzzie

[Blue_Ray]

[CindyLou]

State Farm does not do credit checks. I live in California.

[arizonalover]

I had that happen to me also and I dont understand the logic of credit being tied to insurance? I mean cmon, if someone is already struggling is the logical thing to do really to raise everything for us and let us get into more struggles?

[keepmine]

I have State Farm as well. I'm nearly 2 years post bk and have had no increases.

[emoney]

Because most of us in this Forum have credit problems we do not want to hear about credit scores being use for insurance.
In Texas the State Board of Insurance asked Texas University and Texas A&M University to study the correlation of both good and bad credit history on the number of insurance claims filled.
The results showed the lower the credit score the more claims were filled. Better scores over 700 filled less claims. It just make sence to me.
With this information most states allow companies to use credit scores to affect insurance rates.
You can try to find a company that does not use this practice as a way to keep your rates low. Otherwise ask wisely and get the credit scores back up above 700.
regards,
emoney

[chpxiii]

Yes, many insurance companies check credit scores. I know. That sucks. This year I switched to Geico (from Farmer's) and very nearly halved my car insurance payment. My story is in this thread here: http://www.bkforum.com/showthread.ph...ighlight=geico

I don't know what to say about home owners insurance, I don't own a home.

[Lindsay]

We've always enjoyed a low rate of insurance with Allstate due to our previous good credit. Hopefully it won't go up. We've been with them for 10 years and only have one claim, which wasn't our fault. Our brand new vehicle was damaged by a large falling object during a windstorm while parked in our driveway. Other than that, there have been no other claims, accidents, or anything.

We've never filed a claim with our homeowners insurance once since we've had it (Travellers). We bought our home 9 years ago. I always look upon homeowners insurance as something to cover a catastrophic loss like a fire or tornado damage. Years ago, we had a bad ice storm and my grandmother's gutter and porch was damaged. She filed a claim, her first claim in 30 years of owning her home. Her insurance went from $300 a year to $900 because of one small claim. So I learned my lesson well and I would never file a claim on something small. LOL, the house would have to be in pieces or something before I'd call.

I'll be really mad if they raise our rates because of bankruptcy. I'll have to switch to Geico or something. I think it should go by the amount of claims instead of credit profile. If is true that people with bad credit have more claims, they should look at each situation on a case by case basis, the amount of claims or accidents, ect.

Thats a huge jump to almost double insurance prices. I'd definitely try to switch.