| Auto insurance brokers are better than getting | | | | "quote" and that other factors may cause the |
| quotes from just one "big name company." Why? | | | | rate to increase. This is why using an auto |
| Because many - if not most - auto insurance | | | | insurance broker is better. They will put all the |
| companies use your credit history when factoring | | | | information into the system "up front" and the |
| how much they charge you. | | | | quotes you get from them won't change. |
| Their reasoning is that there is a connection | | | | Another thing insurance companies look at is your |
| between your credit behavior and the amount of | | | | insurance credit score - never heard of it? Well it's |
| claims you are likely to file. Though you may | | | | there. The insurance credit score was developed |
| disagree, they believe that people with a better | | | | by the insurance companies by using the same |
| credit history will, in all probability, have fewer | | | | methods as the credit bureaus to predict your |
| insurance losses. | | | | risk factors. |
| Many companies still use the old tried and true | | | | · Foreclosures, liens, collections etc. |
| method of age, type of car you drive, number of | | | | · Your late payment history · |
| tickets you have received and where you live to | | | | How long your credit history is |
| gauge their rate. And again, auto insurance | | | | This isn't all but enough highlights to give you the |
| brokers take this into account when putting in | | | | picture. Each insurance company uses different |
| your information and shopping for the best rates | | | | techniques. Because of this it is difficult to know |
| for you, thus saving you a lot of calling around. | | | | what a good credit score is. |
| When my wife and I moved from Southern | | | | Auto insurance brokers aren't legally obligated to |
| California (where traffic is terrible and there was | | | | tell you your insurance credit score. If you haven't |
| an accident on almost every major freeway | | | | checked your credit report in awhile we suggest |
| every single day) to Sun City West, Arizona I | | | | you order a copy today and know what's on it |
| expected to pay a lot less for car insurance (since | | | | before you start insurance shopping. |
| it is a retirement community). I got the surprise | | | | You can legally challenge any old, outdated, or |
| of my life when my rate went up $250 per year. | | | | incorrect information. This can be a daunting task |
| I was told this was because there were too | | | | and takes time, persistence and the tenacity of a |
| many elderly people driving here who shouldn't be | | | | bulldog. We suggest you contact Lexington Law. |
| driving. I didn't like being called elderly at all. I was | | | | They specialize in credit repair. You pay monthly, |
| only 65. But since living here for a while I can see | | | | so once they've done everything you need them |
| their point. Many of the people over 70 drive too | | | | to you can cancel their services. They even give |
| slow and their reactions are much slower, thus | | | | you a money back guarantee if you aren't |
| causing a lot of the accidents on the streets here. | | | | satisfied. |
| You may think it is not fair for your auto | | | | It's a good idea to shop for insurance with auto |
| insurance company to be able to look at your | | | | insurance brokers who represent many |
| credit report but the government says they can | | | | companies rather than just one big one. Auto |
| do just that. The Federal Fair Credit Reporting Act | | | | insurance brokers will look at your needs and |
| allows them to do it. It says they may use | | | | match you with the lowest rates possible. If you |
| "Reasonable procedures" and credit history has | | | | just call any large company you very likely won't |
| been ruled as one of them - this also covers | | | | get the very best rate possible. Insurance, like |
| consumer credit, insurance, and employment as | | | | any other commodity, is subject to competition. |
| long as it is fair and equitable. | | | | All are licensed so you won't get ripped off. |
| If you have bad credit then applying for an online | | | | If you have bad credit it's better to use a smaller, |
| quote from one of the big insurance companies | | | | lesser known insurance company, as they will |
| won't be accurate. My daughter used to sell cars | | | | typically give you the best rates. Most of these |
| and many of her customers with bad credit were | | | | companies work only through auto insurance |
| quoted one rate online and another when they | | | | brokers, and don't advertise on TV and the web. |
| actually went to establish the insurance, because | | | | Which is why they can offer you lower rates |
| that's when the credit got pulled and everything | | | | than the big companies. Give one of our auto |
| was adjusted. If you look at their sites you will | | | | insurance brokers a call today and let them |
| see a disclaimer telling you that this is just a | | | | compete for your business! |