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Insurance: Auto Insurance Centre

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House OKs auto insurance rate bill
The Democrat-led state House has passed a bill aimed at stopping the use of credit scoring in setting auto insurance rates.

The bill passed Tuesday by a 57-49 vote. It could face a much tougher time getting passed in the Senate, which is controlled by Republicans.

Supporters say people's credit ratings should not cause their insurance rates to go up. Opponents say the proposal could backfire and lead to higher insurance rates.

As with any type of bill we will have to wait and see how this all plays out.

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Brian, 2008-04-22

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