Credit Scoring

According to the Detroit Free Press, Michigan may alter the credit scoring method insurance companies use to discount insurance for people with good credit. It is expected if Michigan goes through with this change, insurance rates could drop 10-45% but could rise for individuals currently getting discounts for their better credit. Credit Scoring is now used by most insurance companies. Is this a good idea? Find out in this article, Bad Credit=Bad Driver?, what critics are saying and how credit scoring may effect you.