Advance Your Credit Rating
8. Advance Your Credit Rating
Another big factor while setting car insurance costs is a driver's record. After all, it is obvious that a driver who has been in many accidents costs the insurance company big money. Nevertheless, people are sometimes surprised to hear that credit rating is also taken into account by insurance companies while determining the insurance premiums.
What is the reason of person's credit rating being considered? It is claimed that people who are financially independent and firm are commonly more careful and thoughtful on the road. Anyway, mind that credit rating is also an issue in determining insurance premiums, so do everything possible to keep your credit history clear.