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What Car Insurance Companies Don’t Tell You About Your Credit

Your credit can affect every aspect of your life including your car insurance. Neighbors Insurance Agency in Florida is here to inform you that car insurance companies frequently run your credit to determine whether you are a worthy candidate for a low insurance rate. This is because there are recent studies that have come out that say that drivers who […]


Your credit can affect every aspect of your life including your car insurance. Neighbors Insurance Agency in Florida is here to inform you that car insurance companies frequently run your credit to determine whether you are a worthy candidate for a low insurance rate. This is because there are recent studies that have come out that say that drivers who have their finances in a poor state are more likely to be an issue out on the road. Ultimately, this means that the driver must make sure that their finances are in order so that they can avoid any issues down the road. If you are interested in learning more or you would like to look into our cheap auto insurance, contact us at Neighbors Insurance Agency today.

How Do Car Insurance Companies Use Your Credit?

Car insurance companies do not look directly at your credit score. Rather, they are provided with an insurance score that is based upon the information that can be found in your credit score. What this translates into is negative consequences for you if you have had issues in the past with your credit score. The reason that this matters to them is because your credit score is said to be a reflection of your carefulness. If you have always had issues paying your credit card bills on time or you have struggled to keep afloat with your debt, you will likely be a more careless person than someone who has stayed on top of all of these payments.

Of course, there are exceptions, but car insurance companies rarely care about these exceptions. That is why it is so important to maintain your credit score in its best shape. This way, you will not be subject to high premiums or other consequences as a result of your credit score. One of the easiest things that you can do to begin working toward a better credit score is to go ahead and start paying your bills on time. It is a small change, and it will take a while to make a notable difference in your credit score, but it can pay off in the long run.

Looking for Cheap Auto Insurance?

If you are looking for cheap auto insurance, we at Neighbors Insurance Agency can be your resource. We know how important it is to select a car insurance company that you can trust, and we work hard to be transparent with you so that you know what to expect. If you are interested in learning more about our services, contact us at Neighbors Insurance Agency today.

Contact Us

Neighbors Insurance Agency is an insurance agency located in Florida. We specialize in a variety of services, including car insurance, and we know that customer service is our number one priority. That is why we try to inform our customers of the various things that could impact their credit score, so that they are prepared come what may. Contact us if you would like to learn more about our services.