Rashida Talib want auto insurance companies to not be allowed to check credit scores

[Hutch Starskey]

Tlaib bill would prohibit use of credit scores to set car insurance rates

She’s almost as bad as AOC and Omar

Why is that bad?

What does my credit score have to do with my insurability or driving record?

Sigh...it helps determine your ability to pay for insurance. Did you just skip the first 3 pages of this thread?

Nonsense. A check stub could do the same.

BTW, I responded to the OP, dope.

Yea, a check stub does not indicate your ability to pay. Good that at least you read the OP.

Neither does a CR, dope.

 

[Hutch Starskey]

Good. What does credit have to do with veing a good or bad driver?

How do you statists sleep at night?

Wha?
How is that "statist" to want to keep private financial information private? Sounds libertarian if anything.

Telling companies what to do is libertarian? Lol

Good. What does credit have to do with veing a good or bad driver?

How do you statists sleep at night?

Wha?
How is that "statist" to want to keep private financial information private? Sounds libertarian if anything.

Telling companies what to do is libertarian? Lol

Telling companies what to do is libertarian? Lol

No.
Defending a consumer's right to privacy, dope.

 

[Thinker101]

Tlaib bill would prohibit use of credit scores to set car insurance rates

She’s almost as bad as AOC and Omar

Why is that bad?

What does my credit score have to do with my insurability or driving record?

Sigh...it helps determine your ability to pay for insurance. Did you just skip the first 3 pages of this thread?

Nonsense. A check stub could do the same.

BTW, I responded to the OP, dope.

Yea, a check stub does not indicate your ability to pay. Good that at least you read the OP.

Neither does a CR, dope.

Yet a CR indicates your willingness to pay...dumbass.

 

[Hutch Starskey]

Good. What does credit have to do with veing a good or bad driver?

Insurance companies have found that people with bad credit scores are more likely to file more claims. They aren't doing it to "penalize" anyone "unjustly"

Of course, this broad has never worked in the insurance racket.

Further, auto insurance regulations are a STATE function, not a federal government function at all

Great. "More likely" doesn't mean certain. Low income or those struggling are unfairly burdoned. Rates could always be raised if a claim is made.

 

[LordBrownTrout]

Good. What does credit have to do with veing a good or bad driver?

It just shows the decisions that you make, that's all. But yeah, lets do away with it like they did with housing 10-15 years ago.......lol.

 

[Hutch Starskey]

Why is that bad?

What does my credit score have to do with my insurability or driving record?

Sigh...it helps determine your ability to pay for insurance. Did you just skip the first 3 pages of this thread?

Nonsense. A check stub could do the same.

BTW, I responded to the OP, dope.

Yea, a check stub does not indicate your ability to pay. Good that at least you read the OP.

Neither does a CR, dope.

Yet a CR indicates your willingness to pay...dumbass.

Yet a CR indicates your willingness to pay...dumbass.

No.
Soliciting a policy from them indicates my willingness to pay, Dope.

Paying my insurance before my electric bill shows my willingness to pay although a creditscore may not reflect that reality.

 

[Thinker101]

Sigh...it helps determine your ability to pay for insurance. Did you just skip the first 3 pages of this thread?

Nonsense. A check stub could do the same.

BTW, I responded to the OP, dope.

Yea, a check stub does not indicate your ability to pay. Good that at least you read the OP.

Neither does a CR, dope.

Yet a CR indicates your willingness to pay...dumbass.

Yet a CR indicates your willingness to pay...dumbass.

No.
Soliciting a policy from them indicates my willingness to pay, Dope.

Paying my insurance before my electric bill shows my willingness to pay although a creditscore may not reflect that reality.

Really!? When/if you buy a car, do you tell the salesperson that your being there "soliciting" a car indicates a willingness to pay and they shouldn't pull a credit report?

 

[Polishprince]

Great. "More likely" doesn't mean certain. Low income or those struggling are unfairly burdoned. Rates could always be raised if a claim is made.

Just because someone had claims in the past doesn't mean that its certain that future claims will be made- so why should those people be charged higher premiums as well?

Not everyone with low income, BTW, has bad credit. Bad credit means that someone has a hard time paying their bills- says nothing about living within their means.

A lot of factors are taken into consideration when risk is assessed for auto insurance- the car that is being driven, the zip code of the driver, their marital status, their age, their driving record as well as claims history. A lot of those items don't mean anything is "certain".

Libs fouled up the health insurance business, and now they have auto insurance in their crosshairs.

 

[Hutch Starskey]

Nonsense. A check stub could do the same.

BTW, I responded to the OP, dope.

Yea, a check stub does not indicate your ability to pay. Good that at least you read the OP.

Neither does a CR, dope.

Yet a CR indicates your willingness to pay...dumbass.

Yet a CR indicates your willingness to pay...dumbass.

No.
Soliciting a policy from them indicates my willingness to pay, Dope.

Paying my insurance before my electric bill shows my willingness to pay although a creditscore may not reflect that reality.

Really!? When/if you buy a car, do you tell the salesperson that your being there "soliciting" a car indicates a willingness to pay and they shouldn't pull a credit report?

Derp.....
The car is financed, dope.

 

[Thinker101]

Yea, a check stub does not indicate your ability to pay. Good that at least you read the OP.

Neither does a CR, dope.

Yet a CR indicates your willingness to pay...dumbass.

Yet a CR indicates your willingness to pay...dumbass.

No.
Soliciting a policy from them indicates my willingness to pay, Dope.

Paying my insurance before my electric bill shows my willingness to pay although a creditscore may not reflect that reality.

Really!? When/if you buy a car, do you tell the salesperson that your being there "soliciting" a car indicates a willingness to pay and they shouldn't pull a credit report?

Derp.....
The car is financed, dope.

Sigh...the insurance basically is too...dumbass.

 

[Admiral Rockwell Tory]

i think credit score information is overused and abused. It is time to put some brakes on it.

As a well-known libtard, I would like to congratulate you for not saying "put some breaks on it" like most libtards would do.

 

[Admiral Rockwell Tory]

Good. What does credit have to do with veing a good or bad driver?

Well fucking duh! Credit scores probably indicate whether or not you will pay your insurance premiums! How did libtards get so libtarded?

Well duh...easy fix. If they dont pay they get dropped. That is how the market works. I thought you tards knew that.

...and when they get dropped, they drive without insurance, putting everyone else at risk!

 

[Admiral Rockwell Tory]

Tlaib bill would prohibit use of credit scores to set car insurance rates

She’s almost as bad as AOC and Omar

I am with her on this, You could have 5 D.U.I.s , 8 car crashes and have cheaper car insurance then someone with a perfect driving record, with a bad credit score.

Says someone with either a bad driving record or lousy credit score!

 

[Edgetho]

Good. What does credit have to do with veing a good or bad driver?

Credit Bureaus score two different things. Your ability to pay and your willingness to pay. Both are more or less equally scored.

People who are irresponsible in one thing are usually irresponsible in many things.

Or haven't you noticed that in life??

They don't score Medical Debts. At all. If the bad credit was due to a divorce or a job loss, they will mitigate that.

But people with bad credit, on an actuarial basis (look it up), are a much higher risk.

Just what we need,, a socialist telling a business what to do.

 

[Hutch Starskey]

Great. "More likely" doesn't mean certain. Low income or those struggling are unfairly burdoned. Rates could always be raised if a claim is made.

Just because someone had claims in the past doesn't mean that its certain that future claims will be made- so why should those people be charged higher premiums as well?

Not everyone with low income, BTW, has bad credit. Bad credit means that someone has a hard time paying their bills- says nothing about living within their means.

A lot of factors are taken into consideration when risk is assessed for auto insurance- the car that is being driven, the zip code of the driver, their marital status, their age, their driving record as well as claims history. A lot of those items don't mean anything is "certain".

Libs fouled up the health insurance business, and now they have auto insurance in their crosshairs.

A person is either able to pay or not. A credit score means nothing in that equation. I pay for coverage. If I don't pay, my coverage is terminated. It cost the insurer nothing.

 

[Admiral Rockwell Tory]

Defending insurance companies . Is there no evil company/industry that conservatives won’t back?

Whoah there, put on the brakes. Contrary to what people may think, insurance companies actually make an effort for fairness. If they don't, their profits suffer. Because their competitirs will make this effort, and the better qualified customers will get better rates elsewhere. It's just not so cut and dry as you seem to think.

bullshit the car insurance companies are in cahoots with the government, they are the ones who got passed mandatory insurance, God damn if a poor persons car breakdown and he cancels his insurance, they will jack up his rates when he gets insurance again.

all they want is MONEY

Try editing that post so it appears to be English.

 

[Fueri]

Insurance is pre-paid, so it has little to do with who will pay and who wont. if you dont pay you are dropped.

It has more to do with a correlation wrt to claims likely to be filed.

Personally, while I understand it, I think it sucks. I worked in insurance at one time and always hated having to explain to someone that had never filed a claim, had an accident etc., why their rates suddenly jumped.

Contrary to what some people think it isnt just raw credit score, it is a variety of factors that go into calculating an insurance score, including, for instance, hard pulls, so someone that is buying or refinancing a house and has otherwise stellar credit gets dinged. someone who marries someone with not perfect credit or something major, such as a bankruptcy or foreclosure would often really get hammered, etc.

It is also true that all insurance companies do not apply all of this equally, or on a straight scale, in other words I saw many examples of companies cherry picking prosspective customers based an these scores and giving "fuck you" pricing to others, effectively pushing them out the door.

Unfortunately, that's the system until they find something else to try to predict and underwrite risk....

 

[Hutch Starskey]

Neither does a CR, dope.

Yet a CR indicates your willingness to pay...dumbass.

Yet a CR indicates your willingness to pay...dumbass.

No.
Soliciting a policy from them indicates my willingness to pay, Dope.

Paying my insurance before my electric bill shows my willingness to pay although a creditscore may not reflect that reality.

Really!? When/if you buy a car, do you tell the salesperson that your being there "soliciting" a car indicates a willingness to pay and they shouldn't pull a credit report?

Derp.....
The car is financed, dope.

Sigh...the insurance basically is too...dumbass.

It's not, dope.

 

[Admiral Rockwell Tory]

Good. What does credit have to do with veing a good or bad driver?

Well fucking duh! Credit scores probably indicate whether or not you will pay your insurance premiums! How did libtards get so libtarded?

then cancel my policy if i don't pay.

Then you will likely drive without insurance! DUH!

 

[Admiral Rockwell Tory]

Good. What does credit have to do with veing a good or bad driver?

Well fucking duh! Credit scores probably indicate whether or not you will pay your insurance premiums! How did libtards get so libtarded?

then cancel my policy if i don't pay.

How about avoid the paperwork if you have a history of not paying....save a tree.

and? is this a hard or soft pull? if a hard pull it can now affect my credit rating.

I guess it depends if you like being pulled hard or soft.

If you pull it soft long enough, it will probably get hard.