Question:
I've received a number of answers for the question. It seems that in a number of cases the quote that's received depends on how good or bad your credit is. What's the difference if someone has bad credit, as long as he's a good driver? Insurance premiums are paid in advance so why the credit check ?
Answers:
Have anyone of youguys ran from police on a streetbike if so Id like to know the details?
It doesn't matter WHY there is a corrolation - but the fact of the matter is, there IS a corrolation. Just like, 16 year old boys have more accidents than 35 year old married men.
If you accidentally drive off with the gas pump (nozzle), and the hose comes apart at the pump...?
The insurance companies don't care about the "why". So you might have people saying, "oh, if you're careless about money you'll be careless about driving". But that's just a GUESS. To the best of my knowledge, there have been no studies trying to find out why, because . . .the insurance companies don't CARE why. It's irrelevant.
State insurance departments agree - in every state EXCEPT California, credit scores are the #2 underwriting method of rate determination and eligibility - with driving records being #1.
Car insurance, transfer from Europe?
Insurance company's are out to make money, that is why they are in business. Yes, you may have a lousy score, and be a good driver, but will you pay your premiums on time? That is what the insurance company looks at. And so if you do have the bad credit score, they are going to charge you more for insurance, just to cover themselves and also to make more money, cause all other insurance company's will do the same for the most part.Can I sell a car in Pennsylvania if I do not have a valid US drivers licence?
Some one has determined that people with bad credit drive worse than people with good credit. (Maybe it's because people with bad credit do more shopping, therefore more driving which increases the risk of accidents?) My insurance rates went up after I got a divorce 19 years ago (they are back down now). "They" said it was because people who are recently divorced statistically have more accidents. Personally my divorce was a good thing so it didn't affect my driving..."knock on wood"...been driving for 41 years and have had no accidents or tickets.but it is the statisticians who determine all of this and as you know statistics can be slanted...so they can make more money.How do I find out who a vehicle tag is registerd to, is there a place where I can search on the net?
Your credit score determines how much you will pay as well as your driving record.Buyer hasn't registered the car I sold. Five parking tickets mailed to me?
Just like when you buy a home or a car. Your credit is checked and people with higher scores get premium rates.
They used to jack up prices just by zip code. I live in a large city, so, even though I have a good credit score, I still pay more because crime rates are higher in the city.
Does request of Auto insurance quote have any negative effect ?
They getcha coming and going don't they?
Is New York the only state with seven digits in it's license plate?
They also run your driver's license through leads. (Law Enforcement Agencies Database), to make sure you haven't had any moving violations and that your license hasn't been revoked or suspended.
How do you find someones Insurance info by their tag number?
you do not have to give them ss# but they will give you a higher premium. them, like the government like to be big brother and know everything about you.There are several reports, this has been researched and credit rating has been approved by your state as a valid way to rate policies. Don't get mad at the insurance companies, get mad at the department of insurance who says that it's okay.
Why the hell car insurance prices are SO MUCH EXPENSIVE in here? (USA)?
Basically, these stats indicate that those with lower credit scores and more likely to cause accidents. So, by using that standard - if you are a good driving, you'll also have good credit history.
What does POS stand for on an auto insurance check?
http://www.google.com/search?hl=en&q=cre...
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