Posted On: November 29, 2006, 12:33 pm CST

Posted By: wudchuck

As with the company I work for, credit is of course not the only factor used to determine insurance risk. In PA, it is a major hit. Now, in PA, we have a genderless rating for our youthful drivers. Again, I think, we focus so much of our ratings based on numbers. In most cases, I agree (vehicle, age of driver, nbr yrs driving exp and a few other factors showing responsibility). I could have a lousy credit, but be a great driver and not file a claim. I could have great credit, but have lots of money and be a lousy driver. The conundrum is that we need to apply same weighted factors and put credit as a side burner factor. In fact, if he/she is a good driver, you are going to make money due to no payout for a claim.