Maine SR22
Filed under: SR22 Bangor Maine, SR22 Maine, SR22 Portland Maine
Q: How come companies can use credit scores for Maine SR22 policy rating?
A: Maine SR22 car insurance companies choose to use credit scoring to rate their policies because research study after research study has shown that, despite the fact that credit would seemingly have nothing to do with driving abilities or anything related, people who have a bad credit history have proved themselves more likely to file claims. Because of how the Maine SR22 isnurance business is structured, those who are more likely to take money out of the system have to pay more in, so people with bad credit pay more.
Companies are able to use your credit report to rate their Maine SR22 car insurance policies because many judges have ruled that it is an acceptable practice. Even so, there is a lot of opposition to the use of credit scoring when rating policies, and many people put forward the accusation that such practices are discriminatory. They say this is because the people who are most affected by the negative rating of bad credit Maine SR22 policies tend to be minority and low income drivers, which they say is targeting these groups.