Insurance costs

[g e]

The March 2017 issue of Consumer Reports has an article about car insurance costs. They rate insurance companies and share strategies for reducing your rates. The number 1 factor influencing your rate is your credit score.

Poor credit will cost you more than having two DUIs.

They also mention that getting married and having kids will reduce your costs. But they do not mention the cost of maintaining a wife, kids, dog and house. Trust me, those costs are waaaay more than the cost of being single dude with expensive car insurance.

[Wondark]

So insurance companies now feel that someone with a good credit score costs them less in the long run to insure? Or more specifically, they can make more money on someone with good credit. I'd wager to bet they insure more things also, providing more payback for the insurance company. The spouse will be insured at the same place as the home and eventually the children too.

Screw the single guy living paycheck to paycheck in an apartment huh?

[Impureclient]

What about getting 3 DUIs? That is how you really save money on insurance.
My insurance did drop a huge margin recently on my last renewal and "coincidentally" my credit score also went up prior to the renewal too.

Also, relevant to this discussion: http://www.consumerreports.org/cro/c...ates/index.htm

[Wondark]

Originally Posted by Impureclient

What about getting 3 DUIs? That is how you really save money on insurance.
My insurance did drop a huge margin recently on my last renewal and "coincidentally" my credit score also went up prior to the renewal too.

Also, relevant to this discussion: http://www.consumerreports.org/cro/c...ates/index.htm

Looking at your link, I'm in one of those darker states that credit means a lot. The 2001+ difference I think. It might be time for me to shop around for insurance...

[g e]

Originally Posted by Wondark

So insurance companies now feel that someone with a good credit score costs them less in the long run to insure? Or more specifically, they can make more money on someone with good credit. I'd wager to bet they insure more things also, providing more payback for the insurance company. The spouse will be insured at the same place as the home and eventually the children too.

Screw the single guy living paycheck to paycheck in an apartment huh?

No doubt they profiled lots of data variables and great credit aligned with lowest risk. My kids will tell you how much I talked about the benefits of great credit. It will save you an incredible amount of money as you go through life.

[2017-BRZ]

So the down turn economy for most also defaults to poorer driving habits hmm..
Makes so much sense....