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How Bad Credit Can Cause Your Auto Insurance Premiums To Go Up You may not realize this, but bad credit makes owning a car more expensive. Here's an extract from frequently asked questions about auto insurance: Read the section in the attached report below titled "Credit Scoring" on page 14: "Statistically, people who have a poor insurance credit score are more likely to file a claim. Insurers use this information when determining the risk someone may pose. Actuarial studies reveal that the manner which a person manages his or her finances is a strong predictor of insurance claims." So this proves that it pays to fix bad credit and save money! |
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