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Poor credit and car insurance it may not seem fair at all but auto insurance companies are allowed to increase race for their customers with credit problems you could be a great driver, and you could drive a very safe car, but you might never qualify for the cheapest rates if you have poor credit insurers have won the right to consider credit when they look at risk factors they have demonstrated that people with worse credit tend to make more claims higher risk drivers get charged more if insurers can use low credit scores as a risk factor they can hand you a higher rate poor credit can happen two great people some people have unexpected illness or layoffs, and they get behind on their bills obviously when credit suffers pain those can be a challenge that is why it probably seems unfair to get rate increases from car insurance companies at the worst possible time home policy rates can be affected too low credit scores can affect your auto insurance rates in fact it can also affect your homeowners insurance rates just when you have financial problems it may seem pretty cruel to get thing twice with more expensive car and calm policy premiums drivers with bad credit may need to shop around if your auto insurance rates have gone up because your credit score has declined you may need to shop around a lot of the top insurers do use credit at a risk factor but not all of them way at the same you need an insurer who will also consider your good driving history and other factors just because you have had credit problems does not mean you will not be entitled to other discounts looking for deals should be a priority when you have credit problems you probably want to reduce all of your expenses, so you can get yourself out of trouble if you also own a house or even if you rent you may be able to bundle your auto and home policies with the same company in order to get a discount these multiple policy discounts are one of the most ways to save money on premiums the auto insurance business is very competitive today because of this your car insurance rates are also given you an opportunity to save money if you do not like getting your premiums raised because of your credit problems you have the right to shop around share this video and subscribe for more interesting auto insurance tips
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