California car insurance savings has been my focus in a long while. Here, I'll bring your focus to yet another thing that is used by most insurance companies to determine your risk level. It, therefore, affects what you pay...
Ensure that you maintain a good credit history. If you have something to do with people and marketing you'll understand why this is an increasingly important factor with a growing number of insurance companies...
Your credit record shows much about you. If you pay your bills in a timely manner most insurance companies will assume that you are financially stable and, therefore, a lower risk.
Here is what they think: Those who pay attention to their bills in a timely manner are also more prone to be more responsible in other aspects of their lives -- including driving. They simply would not trust anyone who is careless with his/her bills to be careful while driving.
If you have a bad history, you've neglected your payments and that's bad news for insurers. It suggests that you may also neglect premium payments or might even be declared bankrupt as a worst case scenario.
Who would pay the premiums of a bankrupt person? That's not a focus in this article. How it will affect the premium you'll pay is our main concern here.
You will be made to pay higher rates since what you pay is a function of the risk an insurance company associates with you. Some insurance companies may double your premium if you default twice on a credit card. Depending on how many times you miss payments, you may even lose your auto insurance policy.
Since it now also affects your car insurance premium thus affecting your total expenditure, try to build an excellent credit history.
A very good credit history is a basis for getting savings. If you are in business, you will rather have customer with a great credit record. Insurance companies are assured of one thing: You'll always pay.
Like we said, you can get discounts because of your credit history. But how? I'm glad you asked. Find as many California auto insurance quotes site as you can and obtain quotes from all of them. From the various quotes each returns, you will see who favors, not just you credit record, but your whole profile. If you do this well you could save over $1000 depending on your record.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment