Bad Credit Online Magazine - Daily News and Advice on Credit, Debt and Mortgage : Credit repair for auto insurance?

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September 25, 2005

Credit repair for auto insurance?

Credit repair is a must before applying for a mortgage or a car loan. But bad credit also affects your car insurance payments. If you think I am kidding, I beg you not.

92 of the 100 largest auto insurance companies check your credit report on a regular base. Some do it more often than others. Are they looking simply for an excuse to raise your premium? May be, may be not..., insurance companies are saying that there is a solid connection between the need for credit repair and the number of car accidents - according to a study by the Insurance Information Institute, "Drivers at the bottom of the credit heap file 40% more claims than drivers at the top of the credit heap".

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