Comment Re:The real problem here... (Score 2) 353
Except that credit score is actually quite a good predictor of car insurance risk. Not saying that it's causal, but, overall, people who pay their bills on time also tend to drive more cautiously and get into fewer accidents.
Yup - the beauty of actuarial tables is that they contain all those non-politically-correct correlations we're not supposed to talk about. We can hate what is in the tables, but they are cold hard statistics. Certainly they are open to over-interpretation, but the correlations are what they are.
Yup - there are some criteria that we've explicitly decided NOT to let people use (i.e. even if you could show that race and auto insurance costs were correlated, and that the relationship was statistically significant, you still couldn't charge people more for being black/white/Asian/whatever), but credit score isn't one of those.