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Insurance scores.(Letter to the editor)

Consumer Reports

| October 01, 2006 | Cox, David; Hunter, Elizabeth; Vicars, William | COPYRIGHT 2006 Consumers Union of the United States, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Your article on credit scores and how they affect insurance premiums ("Caution! The Secret Score Behind Your Auto Insurance," August) could not have come at a more appropriate time. We had just received our homeowners renewal policy containing a Fair Credit Reporting Act Disclosure Notice stating that our insurance company was unable to offer its lowest premium based upon the insurance credit score from Equifax. The predominant factor influencing this score was "the unfavorable length of time since most recent retail account opened." I suppose that now we need to rush out and sign up for more credit cards!

DAVID COX BELLPORT, NY

It seems clear to me that the insurance companies' strategy is to find customers who will be less likely to file claims for smaller amounts. While scoring methods may be questionable or even contradictory, I don't think that's an indication that the companies are racist or ...

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