Will My Credit Score Increase My Car Insurance?
The insurance industry changes from year to year, but some things remain the same. One thing that is undergoing a shift is the reliance of the industry on credit scores to determine someone’s risk of filing a claim. In some states, a poor credit score can be used to increase your rates. Insurers like to point to studies that profess to show those with poor credit are at a higher risk of accidents. Changes are coming however, and today several states do not allow your credit score to be used against you.
That said, your credit score can affect many places in your life, including your ability to buy a vehicle. Young adults should take care to start using credit responsibly early on so they can get the best deal on purchases down the road.
Get a Custom Liability Auto Insurance Quote Online in Texas Today!
Having a good insurance policy in Texas means you won’t find yourself with substantial medical expenses and car repair bills that often result from collisions. Freeway is here to help you find a cheap liability auto insurance. Get started with a quote online, visit us at a Texas office near you, or call us at 800‑777‑5620 for a quote.