Affordable California Car Insurance -- Does My Credit History Affect It?

California auto insurance savings has been my focus in a long while. This page will center on another factor that really affects the risk most insurance companies associate with insuring you. This in turn affects your rates...

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

Your credit record shows a lot about you. An insurance carrier will conclude that you are more responsible and a smaller risk if you pay your bills in a timely manner.

Here's their thinking: Those who give attention to their bills in a timely manner are also more likely to be more responsible in other areas -- including driving. For them a pattern of carelessness with personal bills means general irresponsibility which is also displayed behind wheels.

Besides, it means that you have a problem with paying on schedule. Come to think of it, such a person will likely neglect his/her insurance premium. And let's remember that such are usually early signs of bankruptcy.

What will an insurance company do if a client goes bankrupt? That is not a focus in this article. The issue is how this will affect what you pay on insurance.

You will be made to pay higher rates since what you pay is a function of the risk an insurer associates with you. If you neglect two payments on your credit card, do not be shocked if you see your insurance premium increased 100%. You might even lose you auto insurance policy if you miss payments on many occassions.

Although you already know you should, try to build a great credit history. It does affect your auto insurance rate.

An excellent credit history can bring savings that would be impossible otherwise. Take it or leave it: Everybody likes doing business with people who have a great credit record. Such persons are not likely to miss payment on their rates. Insurance companies know this and love them for it.

Like we said, you can save some bucks because of your credit record. But how? I'm glad you asked. Get as many quotes as possible from as many California car insurance quotes sites as make sense. Thereafter, check all of them and pick the best quote. You can save over $1000 sometimes just by doing this well.

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