If you have a car insurance policy from Progressive, see if your rates either go up or down (based on your address) the next time you have to renew your insurance. Apparently Progressive may now be charging premiums based on where you live: people in less desirable neighborhoods (e.g., where there's lots of crime or lower income residents), your insurance rates may go up.
All the insurers up here have been adjusting rates based on your residential address for years. Lately, they've also been adjusting rates depending on your credit rating, which I think is highly discriminatory, since I haven't yet seen a report that your credit rating also determines how much of an accident risk you are (it might determine whether you pay the premiums on time, but I don't think there's a direct correlation with being a bad credit risk and a bad driver).
You guys have to keep your eye on this one, because if it turns out that Progressive is in fact doing this, all the rest of the auto insurers in Hawai'i will want to start doing it too, and then after that, they'll start looking at your credit rating to figure out how much to charge you.
Miulang
All the insurers up here have been adjusting rates based on your residential address for years. Lately, they've also been adjusting rates depending on your credit rating, which I think is highly discriminatory, since I haven't yet seen a report that your credit rating also determines how much of an accident risk you are (it might determine whether you pay the premiums on time, but I don't think there's a direct correlation with being a bad credit risk and a bad driver).
You guys have to keep your eye on this one, because if it turns out that Progressive is in fact doing this, all the rest of the auto insurers in Hawai'i will want to start doing it too, and then after that, they'll start looking at your credit rating to figure out how much to charge you.
Miulang
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