Automobile Insurance Quote

When you get an automobile insurance quote, the insurance companies look at your credit because it seems to be related to your potential for filing claims. After studying the claims for millions of customers, they found that people with good credit tend to file fewer and less-costly claims than those with poor credit. And therefore companies use your credit record to determine how much you pay and for some, whether you're even offered insurance.

It isn't always necessary to have your credit checked to get an automobile insurance quote. But if isn't checked, it's most likely that you won't get the lowest rate. When insurance companies don't know your credit record, they treat it as if you had no credit or poor credit. Which means that you pay more than the best rate.

If you have no credit or poor credit you should ask your auto insurance company what you can do to improve your standing with them. Each company weights the various credit factors differently, so it's necessary to ask your insurer what's important to them. And keep this in mind after you get your automobile insurance quote.