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Sorry, a non-American here. By "credit score" are you referring to the financial credit score or some sort of "points system" for drivers? If the former, then w
by hurflmurfl 5y ago
Sorry, a non-American here. By "credit score" are you referring to the financial credit score or some sort of "points system" for drivers? If the former, then why would it be important to include it?
- igorstellar 5y agoIn some states auto insurance companies are using credit score because there is correlation between insurance claims and credit score [1]. I guess you can establish "crash-free" and insurance claim correlation even more easier. [1] https://www.forbes.com/advisor/car-insurance/auto-insurance-score/ https://www.forbes.com/advisor/car-insurance/auto-insurance-...
- IncRnd 5y agoNot some states but 94% of the states, according to your link.
- oses 5y agoLooks like that article may be out of date, according to experian [1] 4 states completely disallow using credit scores to set auto insurance rates, and 3 more restrict it. However, this is still significantly more than "some states" [1] https://www.experian.com/blogs/ask-experian/which-states-prohibit-or-restrict-the-use-of-credit-based-insurance-scores/ https://www.experian.com/blogs/ask-experian/which-states-pro...
- skissane 5y agoCredit score is correlated with personality traits such as conscientiousness, risk-taking, etc, which in turn influence driving safety
- stirlo 5y agoWhile this may be true I always assumed the strongest reason for including this in insurance quotations was the lower risk of fraudulent claims from those with stronger finances.
- deleted 5y ago[deleted]