New York, NY (PRWEB) August 01, 2012
InsuranceQuotesUSA.com, part of the Insurance Quotes USA Finance network, is an all-in-one stop for news, money-saving tips, and quotes on car insurance. The company has conducted extensive research to find how the credit score of an individual impacts the cost on car insurance for the individual. The company has obtained more than 200 quotes from insurance companies for individuals with identical age, sex, and driving experience, with the only exception in credit scores. Study finds that consumers with higher credit scores will have lower car insurance premium rates.
"We aim to help consumers maximize their savings by providing as much information, money-saving tips, and opportunities to compare as possible," said Eric, Senior Advisor of InsuranceQuotesUSA.com
For a 30 year old man, married with 10 years of driving experience without any accidents living in New York, quotes for a brand new Toyota Camry 2012 returned the following average rates for different credit scores:
499 and below: $2,773.64
500 to 549: $2,690.43
550 to 599: $2,607.22
600 to 649: $2,496.28
650 to 699: $2,413.07
700 to 749: $2,329.86
750 to 799: $2,080.23
800 and above: $1,858.34
Research indicates that the credit score of an individual may have an impact on the cost of car insurance for the individual by up to 33%. InsuranceQuotesUSA.com recommends consumers who are looking for car insurance quotes as couples have the individual with higher credit score as the primary driver.
There is a new bill (H.R.6129) recently introduced to the House of Representatives of the United States of America to ban the use of credit scores from the list factors that insurance providers use to determine the cost on car insurance. Groups of consumers have claimed that credit score and history have nothing to do with how safely an individual is behind the wheels. For more information and a copy of the bill, please visit: Ban the Use of Credit Scores in Auto Insurance Act.
InsuranceQuotesUSA.com welcomes feedbacks from consumers regarding to the new bill at media(at)insurancequotesusa(dot)com.
InsuranceQuotesUSA.com aims to be the "go-to" resource for information and news on car insurance. "In our recent release of the top states with the lowest auto insurance premium to household income ratio, we have received many immediate feedbacks from our readers," said Eric. "We will continue to provide consumers with up-to-date news and money-saving tips on a regular basis."
About the Insurance Quotes USA Network
The Insurance Quotes USA (IQUSA) network currently has 4 web properties within the network - InsuranceQuotesUSA.com, AffordableInsurancePlans.com, InsuranceCalculator.net, and PropertyInsuranceCoverage.com. Each website serves a unique purpose for consumers in the United States. With the company's I.Q.U.S.A. service model - Instant insurance quotes, Quotes from multiple companies, Unbeatable coverage types, Smooth user experience, and Affordable policy rates - the company aims to build a strong online presence in the insurance industry through new domain acquisitions and development. In addition to car insurance, the IQUSA network also provides home, health, life, business, and travel insurance quotes.
How does InsuranceQuotesUSA.com work? When a zip code is entered, the system automatically determines the location of the zip code, connects with insurance providers in the specific area, and then displays quotes from multiple companies on the screen. The entire process completes in a matter of seconds. Compare and save money on affordable insurance plans today.