Does credit history affect auto insurance premiums?
Yes. There is a strong correlation between how well a person manages his money and the likelihood of filing a claim in the future. Most people manage their money well, and it is reflected in their premiums. In addition, good money managers do not end up subsidizing those that don’t manage their money well, and hence file more claims. Is there any way consumers can save on their car insurance premiums? Get quotes from different types of insurance companies. Some sell through their own agents. These agencies have the same name as the insurance company. Some sell through independent agents who offer policies from several insurance companies. Other companies sell directly to consumers over the phone or via the Internet. But don’t shop by price alone. You want a company that answers your questions and handles claims fairly and efficiently. Ask friends and relatives for their recommendations, and contact your state insurance department to find out whether they make available consumer complai
