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The effects of free credit report and credit score Butte credit on coverage prices in some states can be significant. A car insurance comparison conducted by Texas regulators showed that, in their state, the practice caused “rate swings ranging from a 40 percent decrease to a 40 percent increase” for 90 percent of personal auto policies.

The Massachusetts Association of Insurance Agents (MAIA) last week launched a petition drive to prohibit carriers from setting rates based on credit scores, education or the type of work a consumer does. “Using these factors free credit report and credit score Butte to set auto rates is simply unfair, discriminatory and unreliable,” MAIA President Frank Mancini said in a statement. The Property Casualty Insurers Association of America (PCI)—which represents free credit report and credit score Butte more than a thousand insurers nationwide—shot back, saying it was “disappointed” by the MAIA’s efforts. PCI pointed out in a statement that Massachusetts already has an administrative rule against credit scoring. MAIA officials, who believe that auto premiums should be determined by consumers’ free credit report and credit score Butte driving histories, said the rule is insufficient protection. free credit reports and scores In addition to the ballot measure, the association is supporting a Senate bill that would outlaw credit scoring. The fight over credit scoring has raged across the nation for the past decade. Insurers tend to free credit report and credit score Butte support the use of credit histories, holding that credit status is a reliable predictor free credit report and credit score Butte of risk that helps them price policies more accurately. But many consumer groups say the practice is unfairly discriminatory, with those who can least afford them being stuck with the highest rates and minorities disproportionately viewed as credit risks. According to the Insurance Information Institute, at least 27 bills aimed at curtailing credit scoring were introduced to state legislatures nationwide in 2010. how to get a free credit report and score

In a 2007 report, the Federal Trade Commission reported that the practice helped carriers to more accurately gauge risk. But it also stated that the reasons for this were unclear and that minorities are considered higher risks as a result of credit scoring. Source: http://www.ftc.gov/os/2007/07/P044804FACTA_Report_Credit-Based_Insurance_Scores.pdf To read more about this and other free credit report and credit score Butte auto insurance issues, go to http://www.onlineautoinsurance.com/compare/ where you will find informative resource free credit report and credit score Butte pages and a free-to-use quote-comparison generator.

Vocus, PRWeb, and Publicity Wire are trademarks or free credit report and credit score Butte registered trademarks of Vocus, Inc. Related Credit Report Scores free credit report and credit score Butte Press Releases NationalCreditReport.com® Reminds Consumers That Tax Season is a Smart Time to Check Their Credit Reports and free credit report and credit score Butte Scores Delray Beach, FL (Vocus/PRWEB) free credit report and credit score Butte April 13, 2011 NationalCreditReport.com®, a leader in credit report, credit score and credit monitoring services, reminds consumers that when theyre doing their taxes and have their finances free credit report and credit score Butte at their fingertips, is also a smart time and a good reminder to check their credit reports and scores. free credit report online now NationalCreditReport advises consumers to check their credit report at least quarterly, especially for those working free credit report and credit score Butte on raising their credit score, to identify any inaccuracies and to view their credit as potential lenders see it.