Posted On: June 10, 2007, 4:08 pm CDT

Posted By: wudchuck

it's not the matter that the geico won...they stood up for their right to use credit as an u/w criteria...not all agents are paid by commission either...

but whether that person might file a larger claim because of the credit does not mean that they are actually bad drivers...if they can use that as a signal for a claim instead of driving to ensure that they are only paying on a proper claim...

some folks have low credit but are very good responsible folks when it comes to driving....we try alot in the industry to relate everything to being more responsible...you could have someone whom is a college professor whom has a bad habit of speeding, whereas we can get a kid working at a fast food joint and no violations of driving...why - so we can say a professor is a better driver or the kid?...remember insurance is based on risk, sometimes we associate risk differently...

think about the days of lloyds of london, it was about the risk or captains taking their ships around the world and trading goods...remember, tho, ships we also subject to pirates and even the whether...

i think credit, is not a very credible at determining a risk for driving, but it should be used only as a signal for a unreasonable amount of claim paid out or frequency of filing claims for more pay...as far as driving, i never heard a credit score - earning a driver license, nor have i heard DMV saying you had to have a score level to get a license...