Should my car insurance and homeowner's insurance companies be able to access my credit reports and "insurance scores" at the credit bureaus even though I have credit freezes in place, without the need for me to temporarily lift the freeze (for $10 a pop) every time a policy comes up for renewal?
I didn't find anything on the FTC's website or my own Attorney General's website, but this wording appears on the VA AG's website (here):
"Will my credit report ever be provided to another party even though I have a credit freeze? Yes, there are certain exceptions provided under law. These include:
- Companies with which you have an existing account (e.g., your mortgage, credit card, or cell phone company, or their collection agencies)
- Any person or entity using the information to set or adjust a rate, adjust a claim, or underwrite for insurance purposes"
Seems to me my insurance companies fall under both those categories. Is the AG referring to Virginia law, or are these exceptions found in a national law?