Who signed the bill oking the auto insurance companies to charge according to your credit evaluation?
Answers: The government does not control the rates of auto insurance. Insurance companies have found that individuals with good credit score happen to be safer drivers and make smaller quantity claims against the insurance. Therefore, since insurance is all about playing the percentage, you charge those with good credit score less because there is smaller amount risk involved in insuring them.
I don't think any governing body sets rates for insurance companies. Your state bureau of insurance oversees insurance companies, but jsut to make sure they pay claims when they own to and not defraud the public.
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