Is it possible to find affordable car insurance with a low credit score?
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Here is a transcript of the video:
There are many factors that contribute to your auto insurance rates. Some factors include age, vehicle type, marital status, and the number of violations on their record. There is one additional factor that many people may not be aware of but does affect for better or worse your insurance rates. Your credit score. So, how do I find auto insurance with bad credit? The key is finding an insurance company that doesn't use credit as a rating factor. Here are a few auto insurance companies that offer good rates for customers with bad credit:
Save Money Car Insurance
Believe it or not many insurance companies look into your credit score when determining your insurance rates. Too many of these companies, your credit score will communicate to them whether or not you typically pay your bills on time and if you may or may not have a good payment history with them. The insurance company then correlates the way you pay your bills with your likelihood to turn in a claim. This has been a controversial decision whether or not to allow this to be a factor insurance companies use to set prices. Over many years of experience in insurance, I have seen customers with terrible credit never have an accident and have also seen customers with great credit turn in a lot of claims. So I'm sure this will always be a heavily debated issue.
Unfortunately, this affects many people negatively meaning that they may be overpaying on their auto insurance premiums due to having poor credit.
There are a few solutions to this. The obvious thing to do would be to take action to fix your credit score. Though this should be something you would want to take care of; it could take you a few weeks or months to make a positive impact on your credit. Another solution would be to get auto insurance quotes from a non-standard insurance company. Here at Cheapest Auto Insurance, we specialize in finding you the cheapest rates no matter what your credit score is. We work with insurance carriers that do not even use credit as a rating factor and we also have some that reward you with low prices for a good credit score. So no matter your situation we can help you find affordable car insurance.
Despite your checking your credit score, a few other ways to keep your insurance rates as cheap as possible would be to take advantage of every discount that is available to you. Some discounts would include:
Pay in Full
Proof of Prior discount
So don’t delay! Give Cheapest Auto Insurance a call or visit us online at Aautoandhomeinsurance.com and save big today!