What a puzzle – how do insurance companies figure out what to charge you?
A new Consumer Reports investigation says your credit score has an outsize role, more so than even your driving record. Missy Dundov, a spokeswoman for Bloomington-based State Farm, says “it is a factor, but it is not the only major factor.” Research indicates people with lower credit scores tend to make more claims.
Click here for summary
The report says drivers' education and bundling a home policy from the same company have “minuscule” effects, also claims Dundov downplays, at least as far as State Farm is concerned.