Bad Credit Auto Insurance
Insurance companies use credit data to help determine insurance rates. What that translates to is this: bad credit does make you a bad driver, at least in the eyes of the insurance companies. As crazy as it sounds, a study has shown that there is a connection between those people with less than perfect credit and those people that file auto insurance claims. According to the Insurance Information Institute, drivers with the lowest or worst credit score file 40 percent more claims than those people with good credit. It is possible for someone with a sparkling credit report and a not so perfect driving record to receive a lower rate than someone who has bad credit and a great driving record. Unlike credit card companies, insurance companies are less interested in your ability to take on new credit but more interested in how you have managed your credit over the past few years.
Compare and Save on Your Auto Insurance!
So what can be done if you have bad credit and need auto insurance? Since not all insurance companies use credit scores, shopping around for as many quotes as possible would be a smart move. FindAutoQuotes.com is designed to do just that; shop around for you. Even if your prospective insurance company does use credit scoring, the scores can vastly differ from company to company. We will provide you with as many as 8 quotes at once and all you have to do is submit your information, no strings attached. That is why FindAutoQuotes.com is one of the leading quote providers on the web.