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GasBuddy News Article

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Does your auto insurance company overlook your safe driving record?

GasBuddy Blog -- In a perfect world we'd like to think that if we always drive responsibly and safely then that will be reflected in the price we pay for auto insurance coverage. And regretfully, that assumption has no basis in fact.

According to a report on auto insurance pricing from the Consumer Federation of America (CFA), the use of nondriving-related factors in rating drivers is especially costly to low- and moderate-income motorists, who often see higher costs for coverage even if they have a better driving record than richer, more educated counterparts.

Does that make sense?

The CFA study, which covered 60 insurance quote pairings gathered from the nation’s five largest insurers across 12 cities, used two sample profiles...


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Submitted Feb 05, 2013 By: PD
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REPLIES (newest first) Post a Reply
litlmina
Rookie Author Indianapolis

Posts:30
Points:227,810
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Message Posted: Feb 14, 2013 12:02:05 PM

You should not have to provide a credit report for car insurance! It should only be based on your driving record.
musicreporter
All-Star Author San Antonio

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Message Posted: Feb 12, 2013 12:26:53 PM

hope not, need to check , that's why competition is always good
USMCturtlehead
Champion Author Lexington

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Message Posted: Feb 12, 2013 12:05:32 PM

It pays to shop around for car insurance every few years. Many times once you feel comfortable with rates they start creeping up on you.
danny1460
Sophomore Author Atlanta

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Message Posted: Feb 11, 2013 9:04:35 PM

Stop being allowed to use credit reports for car insurance..Home insurance yeah.....
moose21040
Veteran Author Baltimore

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Message Posted: Feb 11, 2013 10:08:20 AM

no they don't
honda0105
Champion Author Tallahassee

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Message Posted: Feb 10, 2013 7:00:53 AM

36: I totally agree. But that's not what they do. And it's legal.
moose21040
Veteran Author Baltimore

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Message Posted: Feb 9, 2013 1:23:03 PM

No
36IHBinder
Champion Author Illinois

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Message Posted: Feb 9, 2013 1:14:42 PM

Only your driving record should play a roll in price
honda0105
Champion Author Tallahassee

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Message Posted: Feb 9, 2013 6:27:12 AM

sadly, they all can just look at your credit report - like that's a true reflection? (esp. in an age of foreclosure and a tanking economy?)
LuckyLou1
Champion Author Colorado

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Message Posted: Feb 6, 2013 9:37:18 PM

Should be only your driving record
csblesson
Champion Author Texas

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Message Posted: Feb 6, 2013 9:00:38 PM

They just want money
lpatti1
Champion Author Philadelphia

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Message Posted: Feb 6, 2013 12:52:17 PM

Old news but YES ANYWAY!
manaknight14
All-Star Author Pennsylvania

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Message Posted: Feb 6, 2013 12:41:10 PM

Amen, BackwoodsPundit. It's nice to see somebody still understands the basic idea behind risk analysis.
paulp24
Champion Author Harrisburg

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Message Posted: Feb 6, 2013 12:22:27 PM

I just dont get why GB/PD wants to constantly tie up this slot for 2 day old or more news. They can post all the articles they want in all 5 slots if they want but if ya got nothing new let folks kick up fresh stories. I for one look forward to reading whats posted every day. My 2 cents...
BAJALRRP
Champion Author Tacoma

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Message Posted: Feb 6, 2013 11:05:03 AM

Old
gougenator
Champion Author Dallas

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Message Posted: Feb 6, 2013 10:21:24 AM

now my insurane co "sniffs" out who lives in my household...LOL and even has fictitious names (names of ppl i dont know and with my last name!!!LOL ,,its unbeleiveable how far insurance pokes into your life just so it can screw you out of more money ,LOL ....and they say they cannot take those bad names off that list,,, hows that for something?

figure this out
rodzilla123
Champion Author San Diego

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Message Posted: Feb 6, 2013 10:18:26 AM

The Man from Allstate says "No, we reward good drivers ever 6 months" Are they Lying???????
Lologogo
Champion Author Twin Cities

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Message Posted: Feb 6, 2013 10:15:01 AM

no
bell05
Champion Author Atlanta

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Message Posted: Feb 6, 2013 10:06:54 AM

Old news.
slvrdo_dsprdo
Champion Author Nashville

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Message Posted: Feb 6, 2013 10:06:06 AM

Can we change the news stories at least on a daily basis, please?
radiorumor
Champion Author Texas

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Message Posted: Feb 6, 2013 10:04:13 AM

I shop insurance every three years to keep them honest
Amos_Moses
Rookie Author Illinois

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Message Posted: Feb 6, 2013 10:03:49 AM

no more than they did yesterday
peanutsMN
Champion Author Twin Cities

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Message Posted: Feb 6, 2013 10:03:33 AM

Old news
nanu4u21
Champion Author Orange County

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Message Posted: Feb 6, 2013 10:02:52 AM

Not mine
ErnieK9LO
Champion Author North Dakota

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Message Posted: Feb 6, 2013 10:00:49 AM

The insurance world has many inside secrets.
fenster66
Champion Author Pittsburgh

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Message Posted: Feb 6, 2013 9:59:43 AM

This is definitely disturbing....
McMutt
Champion Author Ontario

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Message Posted: Feb 6, 2013 9:56:13 AM

Don't know?
sparkie951
Champion Author Roanoke

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Message Posted: Feb 6, 2013 9:55:46 AM

Old News and Yes
rrs517
Champion Author Colorado

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Message Posted: Feb 6, 2013 9:54:53 AM

Auto insurance is a black hole of what we don't know.
BeaconLite
Champion Author Ottawa

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Message Posted: Feb 6, 2013 9:54:41 AM

Deja vu news.
KillChain
Champion Author Albuquerque

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Message Posted: Feb 6, 2013 9:54:31 AM

GB Blog,thanks for the post.
jdhelm
Champion Author Iowa

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Message Posted: Feb 6, 2013 9:53:55 AM

old news
bart_reed
Champion Author Los Angeles

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Message Posted: Feb 6, 2013 9:52:12 AM

The insurance world has many inside secrets.
NorthglennBill
Champion Author Denver

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Message Posted: Feb 6, 2013 9:51:23 AM

Anything to get that extra buck out of your pocket.
zimowski
Champion Author San Jose

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Message Posted: Feb 6, 2013 9:51:02 AM

My safe driving record is taken into account.
Wolfwings
Champion Author Delaware

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Message Posted: Feb 6, 2013 9:50:23 AM

old
FMREALTOR
Champion Author Florida

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Message Posted: Feb 6, 2013 9:49:34 AM

k
q2
Champion Author Alberta

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Message Posted: Feb 6, 2013 9:49:21 AM

old news
TheSicilian
Champion Author Jacksonville

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Message Posted: Feb 6, 2013 9:48:14 AM

lets hope not
packards42
Champion Author Washington

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Message Posted: Feb 6, 2013 9:47:56 AM

No idea, but I think the answer is yes.
smqua
Champion Author Cleveland

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Message Posted: Feb 6, 2013 9:46:55 AM

Risk is risk
Hypersonic
Champion Author Maryland

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Message Posted: Feb 6, 2013 9:46:52 AM

yes
W4YAH
Champion Author Florida

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Message Posted: Feb 6, 2013 9:44:54 AM

Nope
WTLITNG
Champion Author Virginia

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Message Posted: Feb 6, 2013 9:44:43 AM

rerun
noonedwagfan
Champion Author Dayton

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Message Posted: Feb 6, 2013 9:44:03 AM

YES!!!
BackwoodsPundit
Champion Author Richmond

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Joined:Oct 2005
Message Posted: Feb 6, 2013 9:43:52 AM

I think they should price it based on what they perceive the risk to be based on their own experience. If they get it wrong then they are losing money and not maximizing their own profit.
If it was such a major problem, then you would have other companies waiting to swoop in and grab these "low risk" drivers and make money from them.

When Government gets involved, costs go up for EVERYONE.
ARCO
Champion Author Pittsburgh

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Message Posted: Feb 6, 2013 9:43:26 AM

YES
bluebird1
Champion Author Toronto

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Message Posted: Feb 6, 2013 9:43:07 AM

NOt completely, but seems to mean less than region or other factors for pricing ins.
Schlunggi
Champion Author New Jersey

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Message Posted: Feb 6, 2013 9:42:48 AM

Day old news!
CptnCanada
Champion Author Saskatoon

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Message Posted: Feb 6, 2013 9:42:30 AM

the area of town you live in effects your vehicle ins costs... of course areas that have high vandalism are going to pay more than those in gated patrolled communities.
Emmamae1
Champion Author Illinois

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Joined:Oct 2011
Message Posted: Feb 6, 2013 9:40:59 AM

yes they are doing this.
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