The wife went on line to re-new our Insurance on our class A and pick up truck this morning. The web site gave her No Other Option than to pay in Full! We've had NG for 9 years now, never late on payments. When we called we were told that National Generals Product Manager for Washington State had reviewed our policy and based on some secrete code system decided that we are and Insurance Risk. I been driving for 50 years with only one accident back in 2003 when some kids lost control of their car spun out and crossed into opposing traffic and hit my classic 1953 Ford. I just retired from Boeing with 18 years in, I've been a member of Boring Credit Union since 1988 and have an excellent Credit Rating. So what was our crime?? The best as the rep could tell us was that our Visa is Maxed Out! Seriously! Time for a new Insurance Company..

Seems odd... I guess my first thought is that you need to look into the possibility that there's been identity theft... and your credit report will show if there's been activity you don't know about.https://www.annualcreditreport.com/cra/recdata.jspclickyGo to the above… it’s the only way to get a free credit report.2013 got both of ours from Experian.

Hello Mr. Johnson,I apologize for the trouble you are having with your renewal. If you would like me to look into this further with our Good Sam Insurance Agency, please send me a private message with your phone number and billing zip code.Sincerely,Robyn Barnes

Jpony--That's probably the reason. I read about this a few years ago. High CC debt supposedly makes you a risk? In reality, just a scam to raise rates or get everything up front.

Jpony56hd wrote:The best as the rep could tell us was that our Visa is Maxed Out!That is quite common in the insurance industry. In fact, not only will they not allow monthly payments, but they will probably raise your rates as well. While I am not sure why poorly managing your debt to income ratios makes you a greater insurance risk, this is what you can expect when you max out your credit cards.

Just because he's max'd his card out doesn't mean it's a high amount of money. I intentionally called cust. service and lowered my credit card limits to make my credit score higher. (and to protect me from someone running up my card if it were stolen.)

Good Sam Insurance Rip Off Washington State | Good Sam Community

louiskathy
Explorer
May 04, 2015
Seems odd... I guess my first thought is that you need to look into the possibility that there's been identity theft... and your credit report will show if there's been activity you don't know about.

https://www.annualcreditreport.com/cra/recdata.jsp
clicky
Go to the above… it’s the only way to get a free credit report.
2013 got both of ours from Experian.
Robyn_Barnes
Explorer
May 04, 2015
Hello Mr. Johnson,
I apologize for the trouble you are having with your renewal. If you would like me to look into this further with our Good Sam Insurance Agency, please send me a private message with your phone number and billing zip code.

Sincerely,
Robyn Barnes
TOMMY47
Explorer
May 04, 2015
Jpony--That's probably the reason. I read about this a few years ago. High CC debt supposedly makes you a risk? In reality, just a scam to raise rates or get everything up front.
DownTheAvenue
Explorer
May 04, 2015
Jpony56hd wrote:
The best as the rep could tell us was that our Visa is Maxed Out!

That is quite common in the insurance industry. In fact, not only will they not allow monthly payments, but they will probably raise your rates as well. While I am not sure why poorly managing your debt to income ratios makes you a greater insurance risk, this is what you can expect when you max out your credit cards.
louiskathy
Explorer
May 04, 2015
Just because he's max'd his card out doesn't mean it's a high amount of money. I intentionally called cust. service and lowered my credit card limits to make my credit score higher. (and to protect me from someone running up my card if it were stolen.)
Bird_Freak
Explorer II
May 04, 2015
DownTheAvenue wrote:
Jpony56hd wrote:
The best as the rep could tell us was that our Visa is Maxed Out!

That is quite common in the insurance industry. In fact, not only will they not allow monthly payments, but they will probably raise your rates as well. While I am not sure why poorly managing your debt to income ratios makes you a greater insurance risk, this is what you can expect when you max out your credit cards.
I think you are out of line with the OP. You don't know the reason his card may be maxed. A lot of things can happen to cause this and it could be a short term thing. Just to assume it was poor money management is just wrong.
OkSixpack
Explorer
May 04, 2015
It could be the CC. At one time I had several store credit cards, all with low balances and for mostly one time purchases. My insurance went up because of too many cards.(5 maybe, not twenty!) My parents were with the same company but a different agent. There insurance went up because they didn't have any major credit cards. Yep, it's a rip off imho.
Jim
rr2254545
Explorer
May 04, 2015
So does the fact you are highly in debt make Good Sam a rip off - I think not
Cordelia
Explorer
May 04, 2015
Lucky you didn't add a teen driver! Years back I added a teen driver and they tripled my 6 month rate. I expected a rate increase, but not that much. I went shopping around and ended with Liberty Mutual who gave me a one year quote for less than Good Sam's new 6 month quote. (yes all the coverage was the same) It pays to shop around.
ugh
Explorer
May 04, 2015
Jpony56hd wrote:
The wife went on line to re-new our Insurance on our class A and pick up truck this morning. The web site gave her No Other Option than to pay in Full! We've had NG for 9 years now, never late on payments. When we called we were told that National Generals Product Manager for Washington State had reviewed our policy and based on some secrete code system decided that we are and Insurance Risk. I been driving for 50 years with only one accident back in 2003 when some kids lost control of their car spun out and crossed into opposing traffic and hit my classic 1953 Ford. I just retired from Boeing with 18 years in, I've been a member of Boring Credit Union since 1988 and have an excellent Credit Rating. So what was our crime?? The best as the rep could tell us was that our Visa is Maxed Out! Seriously! Time for a new Insurance Company..

I used to work for two different insurance companies that provide auto insurance. The rates are not based on if you maxed out your CC. It is based on your credit score along with other factors. If you maxed out your CC, then your credit score will go down and that can bring up your premiums. How can you fix this, well first shop around for new insurance as different companies have different way of rating it. Then, get your credit score back up to and shop for new insurance again in 6 months.