Posted On: November 29, 2006, 7:50 am CST

Posted By: wudchuck

The problem with using credit, is that the insurance industry is claiming that more folks with file a claim if they have bad credit. The idea of getting insurance is to help recover the cost of an accident. If a false claim is filed, the claim will be denied. In some cases, it might take sometime to get those issues resolved. Even then, they should and in some cases, pay the company back for the amount spent on researching a false claim. Just because you might not have good credit, should not make you more of a risk for how well you drive. Afterall, insurance is normally based and should be based on the location where you primarily live,how you drive, and years of driving experience. Here's the other problem with that issue of credit. If it is a spouse/friend that is on the policy, we don't run credit on those folks. So is it fair we only run credit on the named insured? What about the co-named insured (in most cases, spouse)? Credit needs to be removed and based insurance on the driving history of all drivers.