Thread: why does credit score affect insurance rates?
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Old 05-25-2006, 05:14 PM  
iwantchixx
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Join Date: Oct 2002
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Quote:
Originally Posted by drjones
I think all insurace companies do this now.. their armies of statisticians crunched the numbers and found there is a statistical correlation between people with bad credit and people with bad driving habits. On average people with bad credit end up costing insurance companies more money.

Not saying I agree with it, but thats the reasoning
That's the bullshit they want you to beleive. it's just another excuse to charge more for more profits.
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