Which States DON'T check you credit for car insurance?

[JasonM]

Does anyone know where online there is a list of states that do/do not check your credit as part of determining your car insurance rates? I read that in some states it is against their law to use a person's credit record as a factor in determining your rates. thanks!

[FilingOnMyOwn]

I've never heard of that, but I know there are still companies that do not do a credit check when you buy insurance. You'll find companies like that at the little insurance stores that you always find near the dmv.

[lrprn]

Does anyone know where online there is a list of states that do/do not check your credit as part of determining your car insurance rates? I read that in some states it is against their law to use a person's credit record as a factor in determining your rates. thanks!

Here's the closest thing to a list I found - http://www.iii.org/media/hottopics/i...creditscoring/

Scroll down to the Recent Developments section and read about each state listed. There's actually a bill in committee in the House of Representatives to block insurance companies from using credit scores (of course, I'm sure the insurance companies are paying big lobbying dollars to make sure that bill never sees the light of day).

[razorguns]

check your cr, and it'll tell u if any ins. has pulled your credit.

i haven't found any.

r

[BassBoy]

I don't recall ever having my/our credit pulled for insurance needs. Heck, I don't even think I/we were asked to provide income verification. I/we have Grange Mutual for ALL of our insurance needs and throughout the last 10 yeears or so, I/we have made changes to policies, took out new policies and what not, and I can't remember ever having my/our credit pulled for insurance needs.

[Bobby'sGirl]

My State Farm agent is a personal friend

Unfortunately he is retiring and handing his business over to a new agent. He told me there will be no need to worry about the credit ratings (he knows my business failed because he insured my vehicles for it) on my personal side if I don't change anything drastic. But no guarantee that if the company is hurting in a year or two because of hurricane related claims in the South, etc, that company policy may not include looking at redefining rates even for long term customers.

He says an agent may look up credit reports for an existing customer if there are repeated late payments and/or a lot of claims in a short time, but it is up to the company to decide to terminate. In other words, stay beneath their radar and don't switch companies if too close to BK.

Here is a Consumer Reports article about the topic

http://www.consumerreports.org/cro/personal-finance/car-insurance-8-06/overview/0608_car-insurance_ov.htm

[Jman30]

I think they only look up your credit if they find you have an AWFUL driving record or see you have been cancelled by other insurance agencies for non payment in the past.

I thought someone one told me that they don't base wether or not you get insurance based on your credit....but they use to decide what your "rate" should be......

[FilingOnMyOwn]

Most major insurance companies do run some kind of credit check on you. Smaller indepedent ones may not, but often have higher rates across the board to compensate. When you sign up under a large underwriter like progressive or allstate for ex., they base rates on credit checks just as much as they do your because of your age, driving record, claims, and the crime rate in your area. Insurance companies do extensive research and have come to the 'conclusion' that credit scores are in direct correlation with how responsible a person is. Which is bullisht really. We all know that tens of thousands of criminals have gotten away with murder, and millions upon millions of people have been imprisoned for crimes they didn't commit. But large scale 'systems' of business, government, or otherwise, work to form these systems that will work the 'majority' of the time. Majority being 51% or greater.

[CAB_44]

This is what I am doing at the moment concerning our car insurance.
We've had Progressive for several years. We have good driving records and no accidents/no tickets. We also have a 17 yr old daughter, and 22 yr son who (up to this point has been on our insurance, and the monthly fee was 460. for ALL vehicles on this policy... (UUUGGGHHH-killings us!) His vehivle is an '05 F-150
Since we intend to file BK in Oct. we started looking around, but one day I got this pamplet from a company called GHS (subsidiary of blue cross blue shield), and went on their web-site and they gave me a fantastic quote.
We wanted to get our 22 yr off of our insurance, and because he now has a better job, he went ahead and asked the GHS for a quote~they gave him a better quote than Progressive did, so he has his own policy now! (whew)
And we will have a much better premium 259. a month...that's for 4 cars, and a 17 yr old driver!!!!! cars: yr '03 toyota, '05 titan trk, '06 altima~ '93 del sol
My suggestion would be to try this GHS and see if they are in your area~
As far as I know, they haven't said anything about our credit rating, and I know originally when we had Progressive give us a quote, they did pull our credit report~ but our CR is worse now, and this company doesn't seem to care or even know??!! The web-site is www.igetghs.com
Who knows, it might save you some money too!!!!
Hope it helps....we even have better coverages with this new company~ it pays to shop around sometimes!!!

[FilingOnMyOwn]

Thanks for the link, I'll check them out & post on it.

[robivi3]

Filing is right, the little agents have a slew of companies.

[Worried Mom]

We had an odd situation with our Homeowner's policy this year. Our rate was increased $200 due to something that was allegedly found on our credit report. We've been with this company for 30 yrs, always paid our premium on time and have probably not filed claims of more than $500 the entire time we've been with them.

We had our credit report sent to us from Equifax and there were 2 negative remarks on it. Yet they match up with nothing on the credit report. To this day, we still have no clue as to what's going on with this. Calls to Equifax, Fico & the insurance company did not give us any answers we could live with.

I realize this has nothing to do with auto insurance, but since it's still insurance I thought I would mention it anyway.

[SinkingFast]

If you don't know what the negatives are in relation to, WM, dispute them as "Not Mine" and see what happens. Can't hurt. Might help by having the negatives removed and getting you better insurance rates.

[razorguns]

too bad they don't offer in cali.

r

[Worried Mom]

If you don't know what the negatives are in relation to, WM, dispute them as "Not Mine" and see what happens. Can't hurt. Might help by having the negatives removed and getting you better insurance rates.

Sinking: The comments said something like "Too many accounts open". We have a MasterCharge, a Sears card and a mortgage payment. That's it. If 3 is too many, then I don't know where to go from there.

The other comment said we had too much debt. We owed Sears $2, our mortgage payment is less than $300 and we pay our Mastercharge in full every month on time.

It's very strange, we have a very high Fico score, yet we still got burned. All of the calls we made, just kept referring us to the other party. FICO didn't care, Equifax says they get their info from FICO, Insurance Co. says they get their info from Equifax. So we only got the runaround.

It's not a big deal for us, but I do feel badly for those of you who are trying your best to make a go of things and get your credit repaired. When you have to deal with ambiguous statements that nobody will take responsibility for, it's hard to fight that.