For more than 20 years, credit scoring has been one of many factors used by insurance companies in determining a premium in the vast majority of states for home and personal auto insurance – including the State of Washington. States authorized this rating method due to its proven effectiveness in helping to accurately inform policy rates. (Credit based rating has no impact on an insured’s FICO credit score.)
But going forward, any insurance rating method that involves credit has been banned by Washington Insurance Commissioner Mike Kreidler. Originally, the Commissioner had asked the State Legislature to ban credit-based insurance rating, but the State Legislature did not pass his proposal. So he unilaterally banned the use of credit in insurance rating himself, and a court ruling recently upheld his right to do so.
Our agency is adapting to these mandated changes that have been required by the state, as we have done so for the last 46 years. Our carriers offer excellent coverages and we are almost always competitive on auto and home insurance.
If you have lost your agent, or if you are tired for trying to connect to a 1-800 number who won’t return your calls, give us an opportunity. 509-783-8105