Get Auto Insurance Quotes

The reason that insurers check your credit when you get auto insurance quotes is due to studies of millions of drivers. The studies showed that more frequent and higher claims were made by drivers with poor credit compared to drivers with good credit. And this led to insurance companies giving their best rates to people with good credit ratings.

Usually, an insurance company uses a credit score to rate your credit. The scoring formula is different for each company but they tend to grade the same things. How you've paid your bills, how long you've had credit and whether you've had serious problems like a judgment or foreclosure are typical items checked. But when you get auto insurance quotes, the insurers won't include your income, gender, age, where you live or your marital status in the credit score.

After you get your auto insurance quotes, you probably won't know if your credit had an effect on the prices you got. It's best to ask, so you'll know if there's a problem and what you can do to correct it. Since errors on credit reports are common, it's important to ask, even if you know you have good credit. Otherwise, you might get higher rates due to a clerical error.