Insurance companies charge more to those with low credit scores

Is bad credit making your insurance premiums go up?


Insurance companies routinely charge you more for home, auto and truck insurance if your credit score is low. They've been doing it for a long time. They maintain that people with poor credit make lots of insurance claims. Of course, with the current Great Recession driving millions into poverty, homelessness and despair, maybe it's time to reexamine the link between a low credit score and a tendency to file an insurance claim.

Think of it this way: the insurance companies are alleging that when a person lose a job, and their reduced living standards causes them to miss credit card payments and their credit rating suffers, this credit score now brands them as a derelict.

It's sad that the insurance industry operates like a Ponzi scheme, practically unregulated by the states where these companies operate. There ought to be investigations into the political contributions these insurance companies make to state and national politicians, and correlate this information with the voting records of those elected representatives.

Howver, since right now your credit history could be making your auto insurance and home insurance premiums higher than they should be, it's vital that you ensure that your credit reports from the Big 3 Bureaus -- Experian, Equifax and TransUnion -- are free of inaccurate data. It's time to clean them up. You deserve to pay a fair price on your auto and home insurance. Whether or not you believe that its right to charge more for a product or service due to a person's credit score, even though the resulting score might not be that person's fault, you still need to take steps to fix errors in your credit so you can save money.


Here is more information on dealing with auto insurance companies in books you'll find at Amazon.com:



Insurance Settlement Secrets: A Step by Step Guide to Get Thousands of Dollars More for Your Auto Accident Injury Without a Lawyer! (Volume 1)

This book provides a behind-the-scenes look at how insurance companies process automobile accident injury claims. Knowing how insurance companies process these claims can make the difference of receiving thousands of dollars more for your Insurance settlement! Written in plain English, the book gives readers all the tips they need to ensure they receive the settlement they deserve. Written by an insurance company insider who has worked in the industry for years and negotiated hundreds of injury settlements. Readers will learn: Steps to take if they are injured in a motor vehicle accident. How to deal with insurance companies when they call. How to take the advantage against the insurance company. What medical information is crucial to your claim. How to push the same buttons an experienced lawyer would push. When and how to negotiate for a fair settlement. "Insurance Settlement Secrets" shows readers how they can do all of this themselves without hiring an expensive lawyer.


Here is another book to help you when you are confronted by shenanigans by auto insurance companies:


Surviving the Auto Insurance Game: The Book Every Driver Must Read (Volume 1)