 Why are the hardest working folks in this country not allowed health insurance? |
| Like all the small businesses with millions of people in them........it seems to be a noble king and queen thing to me, the peasant population parodox, and remember the farmworker parodox in 1800 ... |
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 Does insurance pay for damage to doors after thieves break in to residence to steal contents? |
| my insurance has refused to pay damage to doors after thieves broke into my rented residential house.my landlord want them repaired at my cost.... |
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 I took traffic school, can the insurance company still jack my rates up? |
I was in a minor accident in 2006. Technically it was my fault but I blame the other douchebag! Can the insurance company still jack my rates up even though I took traffic school?
Additional D... |
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 I just got a letter from my insurance company? |
regarding a trip to the emergency room i had in may.
it says "if you had recent health coverage, your prior company should have sent you a "certificate of health plan coverage&... |
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 Who’s the best (cheapest) insurer for a first time driver on a 1.2 Corsa ?? |
| Any one had any cheap quotes as a first time driver for a Vauxhall Corsa, 1or 1.2 litre, 2000 - 2003 model???...Cheers!... |
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 What's on your social insurance card exactly? |
Your social insurance card or just social insurance is just so the government can keep track of your money and how much your making right?
How much information does it have on you exactly? ... |
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 Do I need health insurance? What kind? |
| Right now I'm paying between $300-$400 in monthly prescriptions without insurance. But I'll only be needing these prescriptions for less than a year. My dad is paying for my doctor visits, ... |
|
 Washington Mutual in trouble? |
I just heard from a friend today that she heard rumors that Wamu is in financial trouble and might close down (don't know what that means).
Has anybody heard something similar?... |
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 If a life insurance company goes bankrupt, what happens to whole life insurance benefits? |
| My Dad purchased whole life insurance through AXA Equitable which is all paid for. What happens if the life insurance company goes bankrupt or their assets are under water like so many other ... |
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 Im age 23. Would it be beneficial to me to buy a whole life policy? |
| The policy is participating and through a mutual insurance company (guardian Life). I figure after about 15 years of paying, the dividends could end up paying for the policy and id have it for the ... |
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 Where do insurance companies get all the money? |
| How does an insurance company afford to pay out all that money on insurance claims?... |
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 Who will they sue? I need help!? |
| Over the weekend my friend was visiting my apartment and she fell on one of the staircases. It was outside of my actual apartment in a common area. She wants to sue my apartment complex. I called ... |
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 Car Insurance, i have paid my insurance in full. 5 months before end of my policy i have changed my car,? |
| i had nissan sunny 1993 1.4 auto and now i have peugeot 206 1.6 convertible auto. There is a big difference in price, how can i change my current policy without having to pay an arm and a leg for my ... |
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 I am a uk citizen flying to the states to have a boob job, do i need to get health insurance? |
| i am flying to las vegas to have a boob job. i am a uk citizen so we don't have health insurance anyway but if anything was to go wrong after the operation and i had to go to hospital do i need ... |
|
 Which is Better for Me: Term or whole life Insurance? |
| 1'm 40 years old, have a 7 month old baby, my family annual in come is $80,000. thank you!... |
|
 Is there any legal obligation to buy total mortgage protection cover plan with halifax? |
| I am borrowing amount X as mortgage with halifax. however i do not want to buy any of their total mortgage protection cover plan which covers critical illness etc etc... i am a young fit gentleman ... |
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starryeyed | How much does your credit rating affect your car insurance premium? |
The CSR from my company just told me that continuous coverage is much more of a discount than a good credit rating gives you.
So, overall, about what percent do folks in the know think that the credit rating matters? |
 |
 
Dave1001
 |
Whatever else you say about California, we don't use credit as a factor in rating insurance.
Anecdotally, I can tell you that people who pay their insurance bills regularly have fewer claims than people who don't. It makes total sense that credit would reflect this. Insurance companies claim credit as a factor since it is what is called a "moral hazard." In short, it means that what type of person you are can determine the frequency of claims.
Right or wrong, like it or don't like it, the numbers bear it out. |
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mbrcatz
 |
Never thought about it. There IS a significant difference between the rates for someone with a 400 and a 700. Maybe 30%? But that ALSO is going to vary wildly.
I know that if you have a DUI, and a great credit score, Progressive is DIRT CHEAP. They are MORE heavily geared towards credit score, and don't offer ANY renewal discount.
So my bottom line answer is, it's going to vary wildy from company to company, and the particulars of your policy. |
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Phil
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Most auto companies now use credit score as a major factor in the rates they charge. It doesn't seem fair, but they have done the research and determined that there seems to be a relationship between bad credit and claim cost. Personally, I don't like this. I don't like companies obtaining information about me that is not related to the business dealing.
As for the 'continuous coverage' you mention, this could be two things. If the CSR means that you have to have continuous coverage regardless of the company, then they have a point. If you have a gap in coverage, the insurance company that takes you on will generally be very expensive. If the CSR was talking about the discount you get for keeping your coverage with the same company, this isn't as important as your credit rating. You can get a couple of percentage point for staying with the same company. However, if your rates are high to begin with because of poor credit, this discount won't make them as low as someone with good credit. |
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Dr. Deth
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i have heard that some insur companies DO charge more if your credit rating is bad - it doesn't make any sense to me, but they do it |
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sweetness1913
 |
the CSR is right. Credit is a factor, in most states. However, prior insurance is a big premium reducer. Some states don't even allow credit rating to affect premiums (CA, I believe, and some others) |
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Don
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Not every company uses the credit score to determine the policy amount. If you have had continues coverage with one company they probably will not change your rate if your score drops. If on the other hand you are looking for a new policy they might use it. |
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Dzo
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Hi,
There is not much connection between your credit rating and insurance premium. You can checkout http://www.autoloanguide.info for some useful tips. Good luck! |
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