How To Get Affordable Car Insurance With Bad Credit History

Having a bad credit history or filing a bankruptcy seems like it should only affect the credit card offers you get in the mail or the loans you can take out at the bank. Many consumers, however, have found that a lower than ideal credit score can have ripple effects in your life. One of the places where credit scores affect customers unexpectedly is when they decide to purchase car insurance. However, with the help of some research, many individuals find affordable car insurance online.

10. Why Check Credit?

It may seem counterintuitive to check credit when buying car insurance, but statistical models have shown that people who have higher credit scores, showing that they can manage money efficiently, generally file fewer accident claims on their insurance. The vast majority of car insurance companies, therefore, look at credit scores to decide what rates to offer their customers. A lower credit score will often translate into a higher rate, fewer payment options, or an out-and-out denial of the insurance application.