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The government does not control the rates of auto insurance. Insurance companies have found that people with good credit scores happen to be safer drivers and make less claims against the insurance. Therefore, since insurance is all about playing the percentages, you charge those with good credit scores less because there is less risk involved in insuring them.

2007-09-05 04:52:49 · answer #1 · answered by msi_cord 7 · 0 0

1

2016-09-24 19:30:44 · answer #2 · answered by Elizabeth 3 · 0 0

I don't think any government sets rates for insurance companies. Your state bureau of insurance oversees insurance companies, but jsut to make sure they pay claims when they have to and not defraud the public.

2007-09-05 04:35:00 · answer #3 · answered by Anonymous · 0 0

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