08-23-2006, 05:20 PM
REED Wrote:my parents inssurance company decided that my driving record wasn't a good indication of my drving ability, but my credit score would be much better.
I was going to bring this up, I don't know how many of you know how common this has become. There's a recent Consumer Reports article that talks about it. Most of the insurance companies have come up with their own credit scoring system or subcontract it to another company, and they use that credit score, as well as driving record, to determine your rates. Oddly, some of the things they ding your score for are pretty random, and of course disfavor anyone young who doesn't have a long credit history.
Maybe you all knew, but it was news to me!
The only thing that stops a bad guy with a van is a good guy with a van