Those against the policy are now trying to get the legislature to ban it. The state House did approve the ban, but early predictions show a different outcome is likely in the Senate. Kuhnmuench told reporters that approving the ban would actually cause rates to increase for two-third of insurance policyholders. On the contrary, a state insurance consumer advocate claims the ban would cut rates for nearly three out of four insurance customers.

Chief Justice Maura Corrigan voted in favor, saying that insurance companies “have demonstrated a clear correlation between insurance scores and risk of loss,” justifying the use of credit scores. Chief Justice Marilyn Kelly who was against eliminating the ban said that the evidence supporting the connection between credit scores and insurance risk was not conclusive or complete.

Court Says Insurance Rates Can Depend On Credit Scores is a post from: Peppercoin Insurance

Review Your Credit Report: Make sure your credit report is accurate. Every consumers in the US is allowed free access to their credit report every twelve months from each of the three main credit reporting agencies. Visit AnnualCreditReport.com for access to yours. Look for any inaccuracies that could be forcing your credit score to be lower than it should be. Make sure there are no signs of identity theft.

Pay Delinquent Accounts: Eliminating any outstanding debts that are in collection will help improve your credit score. Make sure to pay your bills by the due date to avoid an even lower credit score.

Ask for Proof: If your insurance company charges you  higher rates based on your poor credit score they are required to tell you based on the Fair Credit Reporting Act. If they tell you that be sure to ask for proof. They must give you a copy of the credit report they used to obtain the information about your credit score.

Check Around: Quotes vary with different insurance companies. If you’re not pleased with the quote you receive from one company, check around. You may get a better rate for car insurance from someone else.

What To Do If Bad Credit Is Driving Up Car Insurance Costs is a post from: Peppercoin Insurance