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auto insurance
Thomas V asked:


I noticed someone posted that their auto insurance rates went up since they are unemployed. I have been unemployed since February and my rates stayed the same. I don’t tell the insurance company that I lost my job. How will the insurance company know if I am working or not?

Kennedy
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Comments

mbrcatz on 29 December, 2009 at 5:57 am #

They don’t know if you are employed or not.

It’s not based on employment - it’s based on credit score. Likely, that other person also stopped paying bills.


schuby on 1 January, 2010 at 12:46 am #

If they checked you out with social security. If you are paying your payments on time there will be no reason to check on you, but rest assured, if you miss one payment they will be all over you.


David Z on 2 January, 2010 at 5:57 am #

they do not know that. they run your credit so they can see if your score is decreasing.


jlf on 3 January, 2010 at 8:02 pm #

For other reasons.