“Your credit score plays an important part in determining car insurance costs. If yours is not that great, seek to improve it”, said Russell Rabichev, Marketing Director of Internet Marketing Company.
Los Angeles, CA (PRWEB) February 08, 2020
Every insurance company wants to be sure that the person asking for coverage will be able to pay the premiums. Usually, the credit score is the main factor analyzed. Find out more about this topic and get free car insurance quotes from http://compare-autoinsurance.org
- A credit score reflects someone’s capability to manage finances. A poor credit score means that the person was not able to pay his debts, he still has debts to pay or it is late with payments. Naturally, insurance companies are reluctant when it comes to insuring such people.
- A credit score equal to or better than 650 (FICO credit score system) means that the person is good at managing his money and debt. The risk of insuring the person goes down. Car insurance premiums also slowly go down.
- Drivers with bad credit score should seek to improve it before renewal. There are certain ways to repair a credit score. First, ask for credit score reports. Carefully check the report and look for incorrect items and report them to the Credit Bureau. Use balance transfer credit cards. They have an introductory period of 0% APR that will help the client consolidate credit. Financial advisors will also help people get a better credit score.
For additional info, money-saving tips and free car insurance quotes, visit http://compare-autoinsurance.org
Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.