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Woman shopping for insurance online. 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.

What’s more, only 36% of those surveyed said they didn’t think credit scores should be a factor in auto insurance rate setting, down from 69% the year prior.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected].  

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