Consumer activists want New Jersey to prohibit insurance companies from using certain non-driving information in setting rates for motorists.Consumer activists want New Jersey to prohibit insurance companies from using certain non-driving information in setting rates for motorists.A group of New Jersey advocates is urging the state to prohibit auto insurance companies from using a person's job, education or credit score to determine pricing.
They're not what your driving records should be based on. They have little or no connection to whether you're a safe driver.considering a bill “Huge numbers of people have poor credit because of circumstances beyond their control. You could have a poor credit score because you grew up in a low-income family and didn't have access to credit cards or other financial instruments, you could also have poor credit because you went through a medical crisis and were in a bankruptcy,” DeLong told Gothamist.
The data also show New Jersey drivers living in majority Black or Latino zip codes pay about 50% higher premiums than motorists residing in majority-white zip codes. Delong said Black and Latino residents on average tend to have lower credit scores, lower education levels and lower-paying jobs due to systemic discrimination.Basing auto insurance policies on those same factors only exacerbates the wealth gap, advocates say.
Agreed !!! Credit score shouldn’t be applied to it because you’re not get a loan or credit application so it’s horse shit 💩 all insurance companies in all state’s should be banned from it permanently!! Your driving history and age should be the only factors !!