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How is credit scoring used in determining the cost of insurance?

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How is credit scoring used in determining the cost of insurance?

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Some insurers use credit information along with other more traditional rating factors, such as claims history to determine the rate you would pay. Other insurers may use credit alone to determine your rate. Insurance rates can vary from company to company so if you feel your rate is too high, shop around. And Netquoteâ„¢ is the easiest way to do this.

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