Insurance Rates Sky High

Do you wonder how they set a price for your insurance rates? Why are some good drivers paying more than poor drivers? How has it changed in the last 3 decades.

Years ago, Auto Insurance companies were more concerned about your driving record than your credit score. Today it's all about your credit. Why do people with just ok credit and a perfect driving record pay more than someone with a great credit score and a terrible driving record? These companies are just as bad as the government wanting to raise our taxes. Back in the 70's and 80's your rates went up when you had a accident or to many speeding tickets. Now your rates go up if your credit score goes down and no tickets or accidents. Is this FAIR? NO WAY!!! We understand the insurance companies are out to make a profit but at what cost. Chances are that the individuals that have low credit scores is due to the loss of a job or just financial irresponsibility. There should be set rates for the type of vehicle that you drive. Then if you have any tickets or accidents it would go up from their (i.e. a three or four tear system). Not these days right off the bat if you have poor or ok credit, your payments are SKY HIGH and you become a credit risk even though you pay your monthly payments. Is this FAIR? AGAIN WE SAY NO WAY!. Isn't time we start questioning our insurance agents and the companies they represent? We are!!