InsuranceThought — Blogs About Insurance

How Credit History Affects Car Insurance Rates

An insurance company will use a variety of factors when determining your insurance credit score. Some examples of those factors are the following: Public records: collections, bankruptcy, liens, foreclosures, etc. Past payment history: how many and how often you have made late payments. Number of open lines of credit: how many credit cards you have in your name. The [...]

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Understanding Auto Insurance Rate Variances

Do you own a car? If so, you most likely pay to have it insured. Most of us, though, do not understand why the rates vary so much with individual drivers. Many of us don’t even ask why we pay a certain amount! Auto insurance rates are based on the following factors: Vehicle’s cost/value Vehicle’s characteristics/safety features Vehicle usage Type [...]

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