Cheap California Car Insurance -- Does A Person's Credit History Affect It?

This one is still on the subject of generating as much savings on your California auto insurance as possible. This page will center on another factor that really affects the risk most insurance companies associate with insuring you. This factor has a profound effect on your rates...

Ensure that you maintain a good credit history. The logic of this thinking is really very apparent to those who have business dealings with people...

How you handle your bills certainly is an indicator of your values. If you have a very bad credit record, an insurance company will certainly see you as a higher risk than another of similar profiles who has a good history.

Insurance companies believe that those who miss payment of their regular bills are less likely to give more attention to issues in other aspects of their lives. Yes, including driving. They simply won't trust anyone who is careless with their bills to be careful when driving.

If you have a poor history, you've neglected your payments and that is bad news for insurance providers. It suggests that you may also default in premium payments or might even be declared bankrupt as a worst case scenario.

So what do you think your insurer will do in such a case? That is a topic for another discourse. The issue is how this will affect what you pay on insurance.

Since you are a high risk to them, they raise your rates. Some insurers may double your rate if you miss two payments on a credit card. Depending on how many times you default, you may even lose your car insurance policy.

Although you already know you should, try to maintain a great credit record. It does affect your car insurance rate.

An excellent credit record can bring savings that would be impossible otherwise. A client with a very good history is loved by everyone in business. They are very unlikely to default on their insurance rates.

I have told you that your credit record can help you get some savings. I know you are itching to know how so here it is: Get as many quotes as possible from as many California auto insurance quotes sites as make sense. Thereafter, compare all of them and pick the best quote. If you do this properly you could save over $1000 depending on your record.

Get Free Quotes Here
Get Quotes For Free