I want to know whether credit score can increase auto ins

by Guest » Tue Sep 20, 2011 06:42 am
Guest

I want to know whether credit score can increase auto insurance rates or not?

Total Comments: 4

Posted: Tue Sep 20, 2011 10:56 am Post Subject:

Yes, it can.

If your credit score falls below average category, your premium rates may sore up.
On the other hand, if you have a high credit score, you may avail best possible rates.

This is because the auto-insurers take your credit history as a major factor while analyzing your risk level, which in the process determines the insurance cost.

Posted: Wed Sep 21, 2011 09:03 am Post Subject:

I did some research and wrote an article on this topic. 92% of all auto insurance companies use credit to factor in your rating. However, there are companies that don't use credit rating. if you live in Ohio, I can quote you with companies that dont use credit. lylesinsurance.com

Posted: Sun Sep 25, 2011 03:29 am Post Subject:

Hi LylesInsurance,

Finding auto insurance not using credit to rate new policies is a rare thing here in Oregon.

Which companies are not using credit?

Posted: Sun Sep 25, 2011 09:55 am Post Subject:

robert,
I'm afraid I can't help you for the state of Oregon. But generally speaking, the companies that don't run credit are typically your non-standard smaller companies. I can't think of any standard company that doesn't run credit. Look for the smaller companies licensed in your state, especially the "high risk" companies. that would be a good starting point.

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