Why is our car insurance rate based on our credit score?

January 12th, 2009  | Tags: , ,
I love screwdrivers! asked:


It doesn’t seem fair to pay higher insurance because our credit is bad! What do you think?

Ella
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Leave a comment
« What happens to a person how forecloses on a house besides just a bad credit rating? I have bad credit and someone told me I can erase my credit rating by getting a new Social Security number? »
  1. george 2
    January 14th, 2009 at 03:49
    Reply | Quote | #1

    it is because they have evidence that the poorer your credit score the more likely you will get into an accident.

  2. tklutz
    January 14th, 2009 at 04:26
    Reply | Quote | #2

    bad credit = irresponsibility.

  3. kapn
    January 17th, 2009 at 07:58
    Reply | Quote | #3

    If you credit is bad its a sign of irresponsibility…….a clear indicator of risk……….

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