Showing posts with label Your Credit Score. Show all posts
Showing posts with label Your Credit Score. Show all posts

Friday, October 7, 2011

Your Credit Score


Believe it or not, your credit score is reviewed by your auto insurance company. This can be done at time
of application or prior to renewals. The thinking is that if you're responsible with your credit, making
payments regularly and over time, you're less likely to make regular claims. Statistically speaking, you're
more likely to file claims based on a shaky credit history. And, thus, your credit score plays a major role
in determing auto insurance coverage. Unfortunately, the utilization of this credit score method may result
in higher premiums, even if you have a perfect driving record and no accidents.