Reader Sounds off: Credit rating affecting NJ Auto insurance rates..........

by Kim
(Springfield, NJ)

This is the most ridiculous thing I have ever heard.

Allstate does it and so do most of the other companies.

Even with the state of the economy no one is excused. I have been an Allstate client for twenty years. Our policy for four cars has gone up to almost seven thousand dollars per year. Where is their loyalty to their customers?

New Jersey has been hit very hard during this recession / depression. There are no jobs, people are struggling to pay mortgages, we are being scalped by the cable companies. It is just not right that a recent credit rating due to economic difficulties should affect your auto rates. People have to eat.

Most insurance companies won't even work with you on the payment date. They give you a few days grace period and if you don't have the cash they will cancel you. They don't care how long you have been a customer and that you have never missed a payment. What is wrong with this picture?

I am so frustrated. I am researching companies and will definitely leave Allstate.

This reader's submission is approved for informational purposes and is not intended to reflect the opinion of this website or its staff. This website does not recommend any insurance company over another unless specifically stated.

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