Credit Rating Premium Factor

Insurers sometimes use credit scores to determine how much to charge for premiums. This can work for or against you as some insurance companies may view people with poor credit as a greater risk to ensure.

It is important to check your credit rating at least once a year to verify it has the correct information. Any inaccuracies should be corrected as soon as possible so an insurance company has the most up-to-date information.

Please note that not all insurance companies check credit scores.