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Friday, December 3, 2021

Letter: Insurance coverage change is honest for all

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Paul Arnold (“Converse up about insurance coverage charges,” Our Readers’ Views, Nov. 6) argues that Washington Insurance coverage Commissioner Mike Kreidler’s order prohibiting insurers from utilizing a shopper’s credit score rating to cost auto protection someway penalizes senior residents with good credit score scores and protected driving data. As a senior citizen with each a wonderful driving file and credit score historical past, I respectfully disagree.

Quite a few states, together with California, Hawaii, Maryland and Massachusetts, prohibit using credit score scores in setting vehicle insurance coverage charges. That is for good cause: whereas good credit score could correlate to protected driving, it isn’t causative. There are quite a few components that correlate to protected driving however which don’t have any affordable causative relationship. Insurance coverage business research present that drivers who participate in organized athletics get in fewer accidents, however I don’t get a break on my insurance coverage premiums if I be part of a bowling league.

My auto insurance coverage charges are more likely to rise because of Mr. Kreidler’s determination. But when this occurs, these with poor credit score histories gained’t, as Mr. Arnold describes it, profit at my expense. As an alternative, my prior unfair profit at their expense will finish.

Mr. Arnold is right to say that “Mr. Kreidler’s job is to … guarantee that our charges are honest and equitable.” However that’s precisely what he’s doing. He must be applauded, not castigated, for it.





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