It upsets me when...
#1
Senior Member
True Car Nut
Thread Starter
It upsets me when...
I request a quote for renters insurance through a company partnered with my auto insurance, and am quoted $178 a year. I suppose that rate is acceptable. Then it asks me for basic information, SSN, how the house is heated (natural gas furnace), and other questions that if I answered yes to, would understandably increase risk (answered no to all of them).
My credit: Fine, but was overextended for a while, but under control now
Claim history: No claims ever filed at all for me
My new rate: $427/year
My response: No thanks!
Insurance underwriters are very annoying people.
/Rant
My credit: Fine, but was overextended for a while, but under control now
Claim history: No claims ever filed at all for me
My new rate: $427/year
My response: No thanks!
Insurance underwriters are very annoying people.
/Rant
#2
Retired Administrator
True Car Nut
Sorry to hear about it. They are using credit scores to justify charging higher rates on people who are a low risk. The entire "credit score" is a con. Started by a company called Fair Isaac.
I would suggest to shop hard, you may be able to find a rate near 178, and not give into the credit score trickery.
T
I would suggest to shop hard, you may be able to find a rate near 178, and not give into the credit score trickery.
T
#3
Retired
My auto insurance has been with USAA for about 12 years now. 2 years ago, I decided to add renters insurance to my policy. I think I pay an additional $9 a month for a $30,000 policy. Full coverage for both vehicles, glass/towing coverage, renters = $86 a month.
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