Home owners ins. recommendations...

[cloud_wall]

We're talking about homeowner's insurance, so the driving record is not in play. Your credit record says a lot about how financially stable and responsible you are and your ability to pay the premiums.

If you don't have the ability to pay the premiums, they cancel the policy. Why should a credit score lead to higher premiums in the first place?

[Cincinnati_Kid]

If you don't have the ability to pay the premiums, they cancel the policy. Why should a credit score lead to higher premiums in the first place?

That's my whole point. Credit scores should have nothing to do with determining rates or ability to pay, especially auto insurance which should be solely based on driving record, and not where you live. It's getting ridiculous,

[Hermod]

That's my whole point. Credit scores should have nothing to do with determining rates or ability to pay, especially auto insurance which should be solely based on driving record, and not where you live. It's getting ridiculous,

The insurance companies have done exhaustive statistical studies [[aren't computers wonderful?) which show a very high inverse correlation between credit rating and claims history for all property and casualty insurance.

[Mipade]

The insurance companies have done exhaustive statistical studies [[aren't computers wonderful?) which show a very high inverse correlation between credit rating and claims history for all property and casualty insurance.

it's easy to connect dots...especially when there's something mythical such as a credit score involved.