insurance premiums

Office of Insurance Commissioner

How much you pay for auto, home and renters insurance depends a lot on your credit score. If your credit is good, you tend to pay less. If it’s not so good, you likely pay more.

Now, Washington Insurance Commissioner Mike Kreidler wants to ban the use of credit-based insurance scoring to set rates. He says it’s a matter of racial justice. 

TVW

People who buy individual health insurance in Washington state can expect another round of rate hikes next year.

“I’d say double-digit [increases] are almost a certainty,” state Insurance Commissioner Mike Kreidler said in an interview Thursday on TVW’s “Inside Olympia” program.