Well - as many probably know, most states have laws in place to do credit profiling when calculating car insurance rates *boo hiss boo* LOL - anyways, as many of us on here are in the same boat (credit was great until _____) our rates are going to skyrocket due to mods or whathaveyou.
I called our State Department of Insurance to find out if, in fact, our state was allowed to credit profile. Turns out, yes VA is one of the states allowed to do so and all but 14 states in the US are allowed. (Which 14 are exempt I do not know). The insurance agent at the Dept then told me that every year it goes up for vote and gets shot down by local officials (Fed has nothing to do with the laws) - and for VA at least, it just got shot down again a few weeks ago. (go figure ).
He was nice enough to give me names of insurance companies located in our state, run in our state (vs. outside states as well) that were in business for years and had great track records for Virginians. I wasnt aware that your Dept Of Insurance could advise you of who could have the best rates...and who uses the credit scoring to a lesser degree.. were you?
So now, when we receive our renewal next month, if it gets jacked too high (and it will go higher I know) I have 2 names of companies he provided outside of the "Big 6" (Progressive, All State, State Farm, Giego, Mutual, and Erie) that I will be contacting for rate quotes.
The names he provided are Amica and VA Mutual (for those in VA).
We'll see where they get us....
Hope everyone else calls their state Dept of Insurance to see what they can find out as well because even though there are 14 states that are exempt, SOME of those states insurance companies still try to use credit scores to up the rates. ALso wouldnt hurt to get your local ins. companies to see if you can get a better rate with an in-state carrier vs. country wide carriers.