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To: PROCON

Is there a connection between credit scores and reckless driving, or other insurance claims?

I don’t know enough about the insurance business as to how they set premiums. I guess I’m surprised the credit score has been a big factor , at least in some states.


5 posted on 07/02/2021 2:46:46 PM PDT by Dilbert San Diego
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To: Dilbert San Diego
Is there a connection between credit scores and reckless driving, or other insurance claims?

Probably. Irresponsible people tend to be irresponsible.

I seem to have some vague memory of talk about making landlords stop using credit checks for renters too in Washington.

9 posted on 07/02/2021 2:54:12 PM PDT by seowulf (Civilization begins with order, grows with liberty, and dies with chaos...Will Durant)
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To: Dilbert San Diego
Is there a connection between credit scores and reckless driving, or other insurance claims?

Of course, insurance companies like any financial institution know that folks with good credit are usually more responsible and thus less likely to submit claims or get a speeding ticket which normally will raise your rates.

11 posted on 07/02/2021 2:57:05 PM PDT by PROCON (Our rights do not come from government, therefore they cannot take them away.)
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To: Dilbert San Diego

It actually makes sense. A person who makes good decisions with money and is responsible with it will generally be a person who does the same when driving a vehicle.


18 posted on 07/02/2021 3:28:02 PM PDT by BiglyCommentary
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