Auto insurance rates have soared, with some policies increasing by over 25% in two years, but it's not just due to accident history or traffic violations. A Consumer Federation of America report highlights that factors like education and credit score significantly impact premiums, with drivers having excellent credit paying far less than those with poor credit. The report urges states to prohibit the use of credit reports in determining insurance rates, but no changes have been made yet. As rates continue to climb, consumers are advised to check and improve their credit scores as a potential means to lower their insurance costs.
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