Car Insurance

A Vanishing Deductible For Car Insurance May Cost You More

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You may have seen all of the advertisements on television for a vanishing car insurance deductible. But, you may not know exactly how it works or if it is even worth your time and energy to investigate adding it to your car insurance policy. You know doubt have car insurance questions and probably want to know how a vanishing deductible work. What Is A Car Insurance Deductible? Most people who own a car and pay their own car insurance to understand what a deductible is. The deductible for your car insurance is the amount of money that you pay out of pocket should you need to file a claim and you are at fault. For example, if you caused an … Read more

Does Bad Credit Affect Car Insurance Premiums?

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Does Bad Credit Affect Car Insurance Premiums?

For years car insurance companies have used your credit history in order to help them determine the likelihood that you will file a claim on your car insurance. According to studies like the one conducted by the industry group, the Insurance Information Institute, drivers with low credit scores tend to file 40% more insurance claims with their car insurance companies. It is estimated that those with poor credit scores can find themselves paying anywhere between 20% and 50% more for insurance than someone with better credit. How Much Does Bad Credit Affect Car Insurance? No one knows for sure how bad credit affects car insurance premiums for individuals. That is because car insurance companies keep it a secret. While most experts … Read more