The Credit Score Scam:
How Car Insurance Became Another Tool to Keep Good People Down
🚗 The Credit Score Scam: How Car Insurance Became Another Tool to Keep Good People Down
Published in The INSSUX Dispatch
Let me paint you a picture that’ll make your blood boil.
You’ve been driving for 20 years, clean record, never filed a shady claim, the kind of driver any company should reward. But then life happens. Your wife leaves, the house forecloses, and suddenly your credit score tanks. Next renewal? Your premium jumps 40% overnight.
That’s how the game is rigged.
Life Happens, and Insurance Punishes You for It
Patty had a spotless driving record until her divorce dragged her finances through the mud. Marcus cosigned a loan for his nephew; one missed payment, and he’s paying $800 more a year. Maria got trapped in a predatory loan targeting her community—now she’s paying premium prices just to stay legal on the road.
Did they suddenly become bad drivers? No. But to the insurance industry, they’re “higher risk,” and that’s all that matters.
The Poverty Tax Disguised as Actuarial Science
The spreadsheets say poor credit equals more claims. But they ignore why people with bad credit file more claims—it’s not fraud; it’s survival. Life throws them into crises, and insurance becomes their last lifeline. Instead of helping, the industry piles on, turning financial hardship into higher premiums, digging the hole deeper.
Where’s the Merit?
Insurance companies claim this is “merit-based pricing.” Really? Where’s the merit in punishing someone for helping their family? For going through a divorce? For living in a neighborhood targeted by scammers?
Real merit should be based on driving: your record, your claims, your car’s safety—not your credit score.
Time to Call It What It Is
This isn’t risk assessment; it’s exploitation. California, Hawaii, and Massachusetts have banned credit-based pricing, and guess what? Insurance companies survived just fine. The rest of the country needs to follow suit.
Until then, shop around. Demand answers. Share your story. Because the only way this changes is if we make enough noise to shake the glass towers where they count their profits.
Think your insurance company’s playing fair? Prove it. Take the Rip Off Quiz now.
#makethempay #inssux #JackHapsburg #creditscorecon