My 72 year old Father passed away earlier this year. Because the vehicles they owned were re-titled to reflect my Mother as the sole owner, the insurance carrier increased the premium they are now charging. I have not yet seen the actual notice, but Mom said they were citing something about a change in credit score as it relates to her as a single person vs. them as a married couple. BOTH of my parents have stellar credit…retirees, no mortgage, no credit balances, no late payments, everything paid in full on time, EVERY time.
Same home, same autos garaged in same location. Neither parent has had any claims, tickets, accidents, or anything that should stand out as a mitigating factor of increased risk. Now, there’s only one driver for both cars…she’s only going to be able to have one out at a time now.
I’ve been seeking information online as to why this could possibly be, but the best I can find is poorly written garbage which seems to lump the issue of spousal death together with divorce and does way more to explain the divorce situation than death.
I’m feeling like the insurance company is simply doing what they do in using any available excuse to try and raise rates. I am wondering if you think it is worth shopping her insurance around, or if she’ll simply come up against the same b.s. being dealt by this carrier.
Thanks in advance for taking the time with my question…I really appreciate it!