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Big changes for Auto & Homeowner insurance rates in Washington State

Money
Contributed by : Patrick Shockley
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As of 6/20 insurers will no longer be allowed to use credit scores to determine rates. What this means to you. If you have good credit you have been getting a sizable discount on your rates. Your rates will go up. Mike Kreidler, the Washington State Insurance Commissioner, mandated that you will no longer get this discount. If you have a poor credit score your rates will probably go down.

Don't hesitate to contact to discuss further or check our Auto & Home Insurance rates. We represent local, Northwest companies.

https://www.seattletimes.com/seattle-news/politics/washington-insurance-commissioner-puts-temporary-ban-on-credit-scoring-for-personal-property-insurance-amid-covid-19-pandemic/

 

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