Why Do Car Insurance Companies Check Credit

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Refinance Your Vehicle Loan. If you have strong credit, you may be able to refinance your loan and lower your payments, either by taking out a longer loan or lowering.

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You buy car insurance so that you’re protected financially in the event of a car crash. But an unfair side effect of allowing credit scores to be used to set.

How do insurance scores affect my rates? Your auto insurance scores affect your auto insurance rates much like you would expect your credit scores to affect your.

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