Could instability in the Middle East and other market factors fueling the rise in gasoline prices reignite the state-by-state debate over the use of credit scores to help carriers establish auto insurance premiums?
Some industry observers fear that might turn out to be the case, with the cost of auto insurance–and the factors used to set prices–likely to become a more politically sensitive issue for families already coping with soaring gas prices cramping their family budgets.
Thus, any hike in auto premiums attributed to underwriting driven by credit scores could draw consumer ire, and put pressure on politicians to challenge insurers on the already controversial practice, some industry analysts and consumer advocates believe.
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