I want to know whether credit score can increase auto ins

Message

Author

Posted: Tue Sep 20, 2011 6:42 am Post subject: I want to know whether credit score can increase auto ins

I want to know whether credit score can increase auto insurance rates or not? _________________ Register Now to have your Insurance queries solved.

BradMiller

Guest

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.

Monawayne

Preferred member

Joined: 12 Sep 2011
Posts: 119

Location: Arizona
11.98 Dollars($)

Posted: Wed Sep 21, 2011 9:03 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 _________________ Lyles Insurance is an independent agency in Ohio that specializes in high risk car insurance and Ohio SR22 Bonds. We also cover motorcycles, boats, rv's, and motor homes. http://lylesinsurance.com

lylesinsurance

New member

Joined: 28 Dec 2010
Posts: 31

Location: Ohio
3.76 Dollars($)

Posted: Sun Sep 25, 2011 3:29 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? _________________ You can save $100s on car & home insurance, but you have to shop to find the company saving you money. See complaints, & customer satisfaction ratings for all the leading insurance companies at: http://www.smartshopyourcarinsurance.com

Robert742

Preferred member

Joined: 28 Feb 2011
Posts: 123

12.75 Dollars($)

Posted: Sun Sep 25, 2011 9:55 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.