Twice as many policyholders now say that the education level of a driver should be factored into auto insurance rates, Forbes Advisor found. Just 28% of those surveyed said education shouldn't be considered, down from 67% the year prior. (Credit: Shutterstock.com)
It seems tides are turning regarding consumer sentiment toward the use of credit scores when determining personal auto insurance rates, according to Forbes Advisor, which reported that 42% of policyholders believe credit scores should be factored into auto insurance rates. In 2021, just 22% of consumers said the same.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
