How your credit score drives your auto insurance rates
(ARA) – You know that where you live, what you drive and how you drive can affect how much you pay for auto insurance. But did you know that your credit score can also influence how much your insurance company charges you for coverage?
Most vehicle insurers now use your credit score as one of many factors when determining your level of risk, and how much to charge you for insurance. Generally, the higher your credit score the more likely you are to be eligible for an insurer’s best rates. If your credit score is low, you could get auto insurance quotes that are thousands of dollars higher than those given to consumers with high credit scores.
Posted by in 01:20:38
