Posted On: November 9, 2006, 11:02 am CST

Posted By: 1who knows

Insurance companies would have us believe that ins scoring is not disproportionately unfair to poor people. But, have they ever told us what the average ins score of someone making 15 to 20k is? After rent and a myriad of other expenses, depending on whether or not you have children, most people will struggle to pay their bills on this income and eventually their credit score is going to suffer.

So, we have to ask ourselves do we think the poor should pay more than the rich for car insurance?

While we are at it, what are numbers based on race. Do Hispanics have more accidents? How about blacks? We have determined it to be illegal to charge a higher rate based on race, even if there is an actuarial connection. In the end maybe credit scoring isn't as "fair" as we think it is.

Also, rates should not go up with out credit scoring, the people who have good credit scores would just pay more, and the other people would pay less. Its a matter of distribution. Why would a lack of credit scoring make rates go up across the board?????