How Credit Scoring Affects Your Insurance Premium

How Credit Scoring Affects Your Insurance Premium

How Credit Scoring Affects Your Insurance Premium

How Credit Scoring Affects Your Insurance Premium

As you would know by now, having a poor credit score isn’t going to benefit you with high interest rates such as insurance premiums. Better credit will help you to get better rates on your insurance. Having poor credit might double your rates for certain types of insurance.

Getting health with your insurance probably through your employer wouldn’t matter. Your credit score mainly affects how much you pay if you buy health insurance out of pocket.

If you are able to rebuild your credit before purchasing a car, your good. The worst thing you can do is being locked in a loan where you are unable to meet the high-interest rates.

If you necessarily need a car, make sure payments are made on time. You might be able to negotiate interest rates with the car dealer.

To avoid high premium rates, taking care of your credit score if important.

• Auto Insurance

• Homeowners Insurance

• Renter’s Insurance

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