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Some state lawmakers want to ban a common practice among insurance<\/a> companies that can drive up costs for consumers.<\/p>\n Bills are pending in several state legislatures \u2014 including in Iowa<\/a> , New York<\/a>, Oklahoma<\/a> and Pennsylvania<\/a> \u2014 that would generally prohibit insurers from using consumers’ credit history<\/a> to set their premiums for either homeowners<\/a> or auto insurance<\/a> policies, or both.\u00a0<\/p>\n The so-called credit-based insurance scores used by insurers measure whether someone is likely to file a claim \u2014 the lower the score, the higher the likelihood. And, in turn, the higher the premiums they might be charged.<\/p>\n “This is the case even if you have a perfect driving record or your risk is relatively low,” said Michael DeLong, research and advocacy associate at the Consumer Federation of America, a nonprofit that advocates for consumer rights and supports legislative efforts to change the practice.<\/p>\n<\/div>\n