Progressive Insurance

GWguy

GWguy

*
I just got my renewal notice for the bike. On the last page of all the BS, there was a comment, "didn't get the best rate", and further down the reason, "No history of a car loan".

Didn't that get discussed here once before, and someone pointed out that using credit history for determining renewal rates was illegal in MD?
 
C

citizen_fear

Guest
That really stinks. I checked progressive for my bike and for what ever reason they were alot higher than I thoought they would be,didn't give me a reason.
 
desertrat

desertrat

0_0
GWguy said:
I just got my renewal notice for the bike. On the last page of all the BS, there was a comment, "didn't get the best rate", and further down the reason, "No history of a car loan".

Didn't that get discussed here once before, and someone pointed out that using credit history for determining renewal rates was illegal in MD?
Click to expand...

So what is their thinking? That perhaps you don't own a car and ride the bike all the time?
 
GWguy

GWguy

*
desertrat said:
So what is their thinking? That perhaps you don't own a car and ride the bike all the time?
Click to expand...

I guess it's credit history/ability to pay back loans, etc... I haven't had a car loan since 1980. It was either on the ex's loan account or I used a personal loan from the credit union. Better rates. I guess that doesn't count.
 
I

ItalianScallion

Harley Rider
GWguy said:
Thanx. I'm going to forward that info to Progressive.
Click to expand...
Let me know what they say GW. I called them out on this and I was not happy with their response. She said I didn't have a car payment for them to use as a credit reference so I didn't get the best rate. I said: you're penalizing me for having good credit and paying cash for my stuff? She said: "in essence, yes". I then asked her what the difference in my rate would be if I did and she said: $10 less. I told her that I want to talk to someone who sets the rates and makes up this BS because I had no tickets or accidents and should get the best rate available. She said: "sir, your annual premium (for the Harley) is only $89 per year". I kind of let it go after that but it still bothered me.
This is just like the mortgage game. Since I've worked hard to pay off my house, I don't get any bonus from the Obamination for using my money wisely.
:cds:
 
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