Sunday, September 27, 2009

Repair your credit for better rates

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Checking your credit report for errors at least once a year can do wonders for your insurance premiums. If your credit report has mistake – and mistakes do happen – dispute the error.

You credit score affects your insurance score, which then affects your insurance rates. Correcting mistakes in your credit report could bring down your insurance rates. Generally, an insurance score above 760 is considered good, and anything below 600 is bad.

If your credit score is over 700, look into companies like Allstate and Progressive who give better rates for good credit. If your score is lower, look into companies like State Farm and American Family Insurance who put more emphasis on other factors, like your driving record.



All the best,



Timben

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