If you have landed on our site it probably means that you are looking for Learn More
The Impact of Credit Scores on Insurance Rates
It is no secret that your credit score has a huge impact on the premiums that you will pay for insurance coverage. While this is not particularly fair to many consumers, it is one method the insurance companies use to measure the potential risk they face in providing coverage to their clients. Insurance companies use your credit score to judge how likely they believe you will be to file a claim. They also use other factors to determine the amount of your premiums, but this is one factor that you have a lot of control over.
So, now that you know that your insurance company is judging you based on your business with other companies, what can you do? The only thing you can do is improve your credit score and brush up your credit report. Make sure you make all your payments on time, and don't max out any of your accounts. Close old, unused accounts. Don't let any accounts get charged off or go to collections. Use less than 30% of your available credit. Dispute any erroneous information that shows up on your credit file right away.
If you would like to improve your credit score so you can get better insurance rates and offers for better credit, contact a credit repair specialist today. We have provided a list of the top ranked credit repair companies working in the United States for you to browse and find the one to best help you achieve your financial goals.