- Centurion Member
- Posts: 4913
- Joined: Sun May 20, 2012 4:35 pm
- Location: WI
Well Daniel, appreciate you chiming in, but your data unfortunately does not compute.
In my case, as I mentioned my rating on CK is "Very Poor". I have no derogs, no late payments, and my rating was also "Very Poor" prior to getting a new vehicle last September. I really doubt that getting a new vehicle 6 months ago makes me a massive risk, but hey, what do I know.
I'm going to posit that the insurance companies, being the semi-legitimate criminal organizations that they are, will use ANY excuse to say you're a horrible risk we must jack your rate up, our execs need a new golf course on company grounds (my old insurance company actually had one on-site for their pampered execs). Case in point - when my credit was horrible, they used that to jack my rate up, it was almost as much as if I'd had a drunken driving (which I've never had). But once my credit improved and I had a really good score (720s) they didn't drop my premium - nope they continued to jack it up, citing any excuse they could manufacture. I finally got wise to them and went to another company who offered me the same coverage for half the money, no doubt to get the business and with the full intention to jack the rate up as soon as possible.
That's why I switch thieves I mean companies on a regular basis. Let the competition work for you, that's what capitalism is supposed to be about. It's all money down the toilet from my perspective anyway so I might as well get a reasonable screwing as opposed to a massive screwing.
Just how I see it.