Oklahoma Insurance Companies Unfair

I have been using Progressive insurance for my vehicle for a few years now. Been paying less than 140.00 every six months. But now that I have moved to Oklahoma my insurance premium has gone up to 353.00 every 6 months.

I am insured with Progressive until Nov 5th of this year. My vehicle tag expired and the tag agencies in Oklahoma will not recognize my policy because it was written in Missouri. However, after I moved to Oklahoma I needed to renew my policy with progressive and because I now live in Oklahoma and the liability coverage is different my premium went from 125.00 to 138.00 per 6 months. I'm cool with that. But when I went to get my tags, like I said: Oklahoma won't recognize my insurance even though the liability coverage is identical.

Oklahoma uses your credit score as well as your driving record to determine insurance rates. My credit isn't that great. but I have an immaculate driving record.

Using ones' credit score to determine your insurance premium should be illegal! Credit has nothing to do with insuring your vehicle. You either pay your premium on time or you get canceled. Simple as that. Where does credit scores fit in. It doesn't and by using credit scores as a determination is discriminative.

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I feel the same way, unfortunately I have an answer for your complaint though. The reason behind this is that the insurance companies are trying to protect themselves against fraud claims. This doesn't mean that everyone with a poor credit score will file a claim to get the insurance money, but there have been quite a few who have ruined it for those of us with bum credit scores and ethics. It doesn't make it right, but I can understand to a certain extent where they are coming from. They don't want to drive our rates up because someone files a claim just to get paid off and be debt free. I hope that makes some sense for you and puts your mind at ease a little.

I wish you luck finding a solution to your issue and never hesitate to ask a company if they are required to go off credit ratings as this could change your rates, they are required to answer you if you ask, but you have to ask. There are still a few smaller companies that don't charge huge rates and don't go off your credit score, but most of the bigger companies made the switch about 5 years ago to using the credit score.