How Your Credit History Can Affect Premium Amounts for Your Auto Insurance Comparison
Article by Chris Robertson
If you’ve recently read a government-issued consumer guide about car insurance, you may have noticed that these guides often recommend online auto insurance comparisons as a way to shop for the best insurance policy. That’s because the writers of the guides understand that most consumers lead busy lives and need a quick, easy solution to shopping for car insurance. The Internet enables anyone to fill in a short form and quickly obtain general quotes from as many as 10 to 12 insurance companies. Some companies might provide an instant quote while others will e-mail you with a quote and more information.What you might not realize is that many car insurance providers will consider your credit history and/or rating when determining your premium quote. Credit bureau reporting of good credit/poor credit is no longer just a means of getting a loan or credit card. If you have worked hard to keep your credit score high, then your hard work may pay off for years to come by saving you dollars not only on loan interest, but also car insurance premiums.Why Does Credit Matter to Car Insurance Companies?It’s plain and simple….there’s a direct correlation between a person’s credit/loan behaviors and the number of claims they may incur. Based on years of research, many insurance companies feel that consumers with a higher credit rating are less likely to incur high losses in insurance claims. Basically, if you pay your bills on time faithfully for years, then you’re more likely to be a careful driver and of course, pay your insurance premiums on time as well. Not to mention folks with a high credit rating tend to be middle-aged or older, and therefore are in the safer driving age range!Is it Legal for Car Insurance Companies to View Your Credit History?Yes, it is perfectly legal under the Federal Fair Credit Reporting Act. This act states (in a nutshell) that consumer reporting agencies are to use reasonable procedures to meet the needs of commerce for credit, insurance, personnel, and other information. In other words, insurance companies have just as much right to obtain your credit score and history as do creditors and potential employers.Though some car insurance providers will consider your actual credit reports, others may use what’s called an “insurance credit score.” This score is created using various factors such as your public records, type of credit you have including store cards, credit cards, finance company loans, etc., unused credit, open lines of credit, credit inquiries, past payment history, and the length of your credit history. This score helps predict the likelihood of anticipated insurance losses, sort of like lenders determining whether or not you are a high-risk borrower.When you compare car insurance, be sure to ask how your credit score will affect your insurance premium with each company. If you have very good credit, look for insurance providers that put a lot of weight in credit ratings. This can give you leverage when obtaining quotes from these companies. Keep in mind that there are other factors that will determine your premium when you compare auto insurance. Auto insurance comparison companies will also consider the type of vehicle you drive, your age, your driving records, where you live, and whether you are eligible for various insurance premium discounts. The type of coverage you need as well as your deductible will also affect your premium rates.Car insurance comparison websites provide a wonderful opportunity to find the insurance company that’s right for you. Take advantage of this free and easy tool, and use your good credit as a way to maximize your savings!
About the Author
Chris Robertson is an author of Majon International, one of the worlds MOST popular internet marketing companies.For tips/information, click here: auto insurance comparisonVisit Majon’s automotive-parts-accessories directory.
Categories: Insurance Comparison Tags: Act States, Affect, Amounts, auto, Auto Insurance Comparison, Best Insurance, Car Insurance Companies, Car Insurance Premiums, Careful Driver, Chris Robertson, Comparison, Consumer Reporting Agencies, credit, Credit Bureau, Credit Reporting Act, Credit Score, Direct Correlation, Easy Solution, Fair Credit Reporting Act, Federal Fair Credit Reporting Act, Getting A Loan, History, insurance, insurance claims, Insurance Comparisons, Insurance Policy, Insurance Providers, premium
Categories: Insurance Farm Tags: credit, Credit Insurance, Farm, Farm Insurance, Farm Taxation, insurance, TAXATION
Income, Credit & Home Loans: Buying a House : Private Mortgage House Insurance (PMI) Tips
Private mortgage insurance (PMI) tips & how it can determine how much house you can afford. Find out how in this video on buying a home.
Expert: Brett Staggs
Contact: myspace.com/slowtrainmusic
Bio: Brett Staggs has been working in the mortgage industry for the past 6 years. He has worked for a title company, a credit reporting company, and two major banks.
Filmmaker: Dana Glover
Duration : 0:1:36
Categories: house insuranse Tags: afford, affordability, bank, buy, buying, cash, cost, credit, down, estate, home, house, income, interest, Loans, Market, money, mortgage, only, payment, price, real, Taxes, tips, Video
Compare The Meerkat Advert NEW (Compare The Market), Cheap Car Insurance
Compare The Meerkat (comparethemeerkat.com) advert which advertises the price-comparison website, Compare The Market (comparethemarket.com).
This is the new shorten advert!
Compare The Market.com compares prices on a number of items including car insurance, home insurance, as well as credit cards, loans and mortgages.
It aims to give you the cheapest quote from a number of big companies, including the AA, the Post Office and HSBC.
The reason for this advert is the constant mis-spelling of Compare The Market, with users inputting Compare The Meerkat instead.
The advert features a russian meerkat called Alexsandr (somtimes spelt as Alexander) who is the founder of Compare The Meerkat. He complains about the number of cheaper car insurance requests and plays the jingles for both of them.
On his website, you can compare meerkats by size, their favourite hobbies and their location.
Certainly one of the best advertising campaigns in recent time. But remember, if you want cheap car insurance, it’s CompareTheMarket.com.
Duration : 0:0:21
Categories: home insurance Tags: Aa, Advert, Alexander, Alexsandr, car, Cards, cheap, Compare, CompareTheMarket.com, CompareTheMeerkat.com, credit, home, HSBC, insurance, Loans, Market, Meerkat, Mortgages, new, Office, Post, Russia, Russian, Short, the
AIG’s ex-CEOs blamed for crisis: House panel chairman Rep. Henry Waxman says executives got undeserved riches, while ex-CEOs Robert Willumstad and Martin Sullivan blame accounting rules for leading to $85B bailout. Huge bonuses that they didn’t deserve.
Obaid Karki An Outcast Underdog Libertarian Diogenesist Kabbalist Spinoziste Qutbist Pantheon Hexalingual Automath Former UAE Under Secretary Independent Street-Knowledge Urban Talking-head. Unaffiliated to a State, an Organized Religion Group, a Sect or a Kin and an Anti Tribal Gentile.
Every phrase is an earnest verdict. Thats my bio.
If you dont agree with me thats an honor.
It is immoral to appease to please.
My word hurts big time because it is quality of a moment of truth
US Conspiracism is a Grassroot Religion alas belief masterminded by the Establishment to Worthy the Worthless. This in-thing is sold as Partisanship to the Unemployables for free. Its the Disneyfication of the Mass to glorify a Legacy of Ghosts as Rothchild, Bilderberg, English royalty etc. Neither Mainstream Media & nor Hollywood or the Publisher’s Clan would be outsourced to such task simply because they are assigned to edutain the Untalentable Aristocrat Urban Parasites.
AIG American International Group, Inc. (NYSE)
Google Finance Yahoo Finance MSN Money AOL Finance CNN Money Reuters
3.51 0.36 ( 9.30%) 7 Oct 4:00pm ET
Open: 4.22
High: 4.22
Low: 3.51
Volume: 90,285,327
Avg Vol: 218,654,000
Mkt Cap: 9.44B
Disclaimer
After Hours: 3.54 +0.03 (0.85%) 7 Oct 7:59pm ET
Crisis strengthens Manulife’s hand in AIG bid
Manulife and other insurers are expected to bid for AIG divisions as early as this week, they said. The American insurance giant is under pressure to sell
Former AIG Executives Get Harsh Criticism From Lawmakers CNNMoney.com
AIG to Offer Stakes in Asian Units Wall Street Journal
American International Group Wikipedia, the free encyclopedia
According to the 2008 Forbes Global 2000 list, AIG was the 18th largest company in the world. It was on the Dow Jones Industrial Average from April 8,
Show map of 70 Pine St, New York, NY 10005, USA
en.wikipedia.org/wiki/American_International_Group
AIG Retirement has more than half a century of experience helping Americans plan for and enjoy retirement. We provide real solutions for real lives by
www.aigretirement.com/
AIG insurance products and services in United States offering auto insurance, life insurance, accident and health insurance, environmental coverage,
www.aig.com/Home Page_20_17084.html
Information about AIG, including corporate information, investor information, corporate governance, annual reports and proxy statements, member companies,
www.aig.com/about aig_20_19308.html
Ron Paul Fox News 9/17/08 AIG bailout
2008Third Party Movement Facebook Group http://www.new
www.youtube.com/watch?v=CcfaORVl0Zg
DRUNK, BROKE AND VOMITING! THANKS AIG, WAMU, WACHOVIA!
150.60/videos/0/778457_84e8b.swf AIG BUTTERFLIES COMMERCIAL
www.youtube.com/watch?v=PgGGuBhm64Q
AIG, American International Group, Inc. Corporate Information Web site.
www.aigcorporate.com/
AIG: Summary for AMER INTL GROUP INC
Get detailed information on AMER INTL GROUP INC (AIG) including quote performance, Real Time ECN, technical chart analysis, key stats, insider transactions,
finance.yahoo.com/q?s=AIG
AIG: Summary for AMER INTL GROUP INC
American International Group, Inc., through its subsidiaries, provides insurance and financial services in the United States and internationally.
finance.yahoo.com/q?d=t&s=aig
Producer Login
With the backing of the worlds largest insurance company, AIG Agency Auto offers you exceptional coverage, superior claims service and the security you can
www.aig4auto.com/
Welcome to AIG American General. We provide life, annuity and supplemental health products to individuals and innovative group and voluntary benefits
www.aigag.com/
Answers in Genesis is an apologetics (ie, Christianity defending) ministry, dedicated to enabling Christians to defend their faith and to proclaim the
www.answersingenesis.org/
American International Group Inc. (AIG) Stock Seeking Alpha
Up to date analysis of American International Group Inc. (AIG) and its stock by hedge fund managers and industry experts.
seekingalpha.com/symbol/aig
Private Client Group Home
The AIG Private Client Group maintains an unwavering commitment to protect the AIG Private Client Group can be accessed through a select network of
www.aigpcg.com/
The Federal Reserve made its decision about AIG “with the full support The AIG plan calls for the government to seize up to 80% of the
news.bbc.co.uk/1/hi/business/7620127.stm
“Credit default swaps on AIG’s debt widened 150 basis points to a record 680 basis points on Thursday, or $680000 per year for five years to insure $10
caps.fool.com/Ticker/AIG.aspx
Shares of American International Group tumbled Tuesday as the company scrambled to raise as much as $75 billion to keep itself afloat.
money.cnn.com/2008/09/16/news/companies/AIG/index.htm?postversion=2008091621 67
Duration : 0:10:29
Categories: house insuranse Tags: Aig, aigbank, bail-out, Bailout, bailouts, bails, bank, bankrupt, bear, ben, bernanke, biden, billion, brothers, chaotic, china, claman, cnbc, collapse, couric, cramer, crash, credit, crisis, deflation, depression, Dollar, dow, entrepreneur, euro, europac, fannie, fed, Federal, financial, finanse, fire, freddie, fund, greenberg, greenspan, grove, gse, harry, hedge, hennecke, hotroast, hyperinflation, insidergreenberg, insurance, invest, investing, investment, junk, katie, kelly, kroll, lehman, leszek, liz, loan, lynch, mac, mae, manoftruth, mccain, merrill