EDITORIAL: Our view: Would higher car insurance rates be worth reducing possible discrimination? [The Observer, La Grande, Ore.]
Dec. 2—Oregon allows insurers to use credit history, gender, marital status, education, profession, employment status and more to determine how much to charge for car insurance.
Are those things directly linked to how well you drive? No.
Do they help insurers gauge how much risk a driver may pose? Insurers believe so.
Two bills earlier this year proposed stripping insurers from being able to use those factors to set premiums. Instead, insurers would have to focus on driving record, miles driven and years of driving experience. Apparently the idea is going to be revived in a bill for the short 2022 session.
Is it the right thing to do? It's not simple.
Gov.
The department also challenged the assumption that gender should be considered. For instance, the
What would such changes mean for the insurance industry? Other states, such as
There are, though, other things to consider. It would mean premiums would go up for many Oregonians. The department says people with good or excellent credit ratings would face increases and people with poor credit scores would pay less. "The reduction in cost for people with poor scores is four times the increase in premiums for people with good or excellent scores," according to a chart the department provided.
Some people in
It's not easy to know who will be a safe driver. Should the state of
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