Keeping Score

Posted in Auto Insurance

Credit Score

Do You Know Your Credit Score?

Financial experts suggest that you regularly check your credit score because a good credit history helps qualify you for better interest rates on loans and credit cards. In some cases, a high credit score may also help to ensure lower auto insurance premiums since insurance companies have found that there is a correlation between consumers’ credit history behaviors and expected claims. Car owners may want to keep this in mind when shopping for auto insurance. If your credit history is not very good, you may want to shop among insurance companies that limit themselves to using your age, driving history, type of vehicle, and where you live when determining how much you should pay for your insurance.

NOTE: To save money on auto insurance premiums, consider bundling all your policies (homeowner’s, auto, etc.) with one company that offers multi-policy discounts.