Complaint Review: Co-operators Insurance - Guelph Ontario
Ripoff Report on CBS 19
Ripoff Report on CBS 19 - Global Marketing Alliance
Ripoff Report on ABC 15 - Smart Shopper
Ripoff Report - Girls Gone Wild
Ripoff Report on Fox 11 - Car Repair
- Author Not Confirmed
- Co-operators Insurance Priory Square Guelph, Ontario United States of America
- Phone: 800-265-2622
- Web: www.cooperators.ca
- Category: Insurance Companies
Co-operators Insurance Co-operators Insurance Company, cooperators.ca, Co-operators, Co-op Insurance, Co-operators General Insurance Rates a Rip Off, Good Scores Pay Off Guelph, Ontario
Show customers why they should trust your business over your competitors...
listed on other sites?
Those sites steal
Ripoff Report's
content.
We can get those
removed for you!
Find out more here.
Ripoff Report
willing to make a
commitment to
customer satisfaction
Click here now..
Good scores pay off, say insurers
A credit score is a measure of your financial health, with 300 being the worst and 900 the best. It has traditionally been used by institutions to assess credit risk. Insurance companies argue that people who have strong credit scores will actually benefit.
About 55 per cent of Canada's largest insurers now use credit scoring. And of that segment, 42 per cent did not disclose the practice to customers, according to the Canadian Council of Insurance Regulators.
The Co-operators said it would never deny insurance based on a credit score, and wrote that "without the use of credit score, people with good credit scores the majority of Canadians who we know are less likely to have future claims, would be subsidizing those more likely to have claims."
I wonder what they use as cutoffs. Is almost everyone over 680 getting the best rate, like with mortgages? Or would someone with say a 750 score get a better insurance rate than someone with 680?
This report was posted on Ripoff Report on 04/15/2010 05:08 PM and is a permanent record located here: https://www.ripoffreport.com/reports/co-operators-insurance/guelph-ontario-n1h-6p8/co-operators-insurance-co-operators-insurance-company-cooperatorsca-co-operators-co-op-593670. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
If you would like to see more Rip-off Reports on this company/individual, search here:
Related Reports
02:08 PM
11:06 AM
05:19 PM
04:05 PM
01:11 PM
05:59 PM
06:21 PM
03:12 PM
05:08 PM
04:42 PM
05:19 PM
07:01 PM
06:59 PM
02:13 PM
05:12 PM
05:13 PM
05:39 PM
05:28 PM
05:40 PM
07:28 PM
06:28 PM
06:12 PM
05:33 PM
05:40 PM
New 
Updated Rebuttal 
Photo 
Advertisers above have met our
strict standards for business conduct.
