comment about insurance rates

Originally Posted by sonic370 This is not a rant just a comment........ Renewed my coverage Friday 6 months for 605.00. But its just basic coverage with uninsured added and towing.

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comment about insurance rates

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08-07-2011, 08:14 PM

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theDreamer

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Quote:

Originally Posted by sonic370

This is not a rant just a comment........
Renewed my coverage Friday 6 months for 605.00.
But its just basic coverage with uninsured added and towing.
Does this seem about right. And why do they run
a credit check on you when its the law to carry insurance anyway.
You have to make the payments or its a fine big time here.

Credit check is now used determined accident potential along with a few other variables.
Algorithms have been developed determine lower credit ratings have an increase in accidents, thus a higher premium.

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