Description: It’s time to remove credit score from car insurance pricing and lead the way to a more fair and less biased industry. Read our new consumer report.
This antiquated approach to pricing forces those with low credit scores to pay as much as $1,500 more in annual premium payments than people with high credit scores—even if they’re actually a safer driver and less likely to get into an accident.
We think it’s time that insurance regulators take action to remove credit score—and the bias and unfair discrimination it brings—from insurance pricing. So when they arrived in our home town for the National Association of Insurance Commissioners conference, we took matters into our own hands to make sure they got the message.
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