MYTH 3 – YOUR CREDIT HAS NO EFFECT ON YOUR INSURANCE RATE
Your credit-based insurance score does matter. An insurance score is a measure of how well you manage your financial affairs, not your financial assets. Many insurance companies take your insurance score into consideration when you want to purchase, change or renew your auto insurance coverage. Because the majority of people have good credit, and insurance scores are derived from a person’s credit history, most people pay less for insurance when insurance scores are entered into the pricing equation.
Let’s take the myth and mystery out of insurance.
Feel free to contact our agency for a no-obligation review of all your insurance needs.