Toll-Free: 888-907-2631
Phone: 540-341-0007
Does having bad credit make you a driver who is more likely to have an accident?
Most of the large personal auto insurance companies use credit data as one of the factors in determining if they want to insure you and the rates you will be charged. Is this justified? Well, the facts seem to indicate that there is a connection between your credit record and the likelihood that you will file an auto insurance claim. According to one study, bad credit risks file 40% more claims and pay up to 50% more in car insurance premiums than a person with good credit. The use of credit risk scores in selling you insurance is subject to the laws of your state.
Read More About Does Bad Credit Mean Higher Premiums?...
