Reader’s Question:

Hi there. Is it true that my credit rating can affect the auto insurance quotes that I get here in Oklahoma?

Ellen

Tulsa, OK

Hi there. Yes, it is true that some auto insurance companies use their clients’ credit rating to come up with their quotes for auto insurance premiums. So, making sure that you pay your bills on time can save you some money when auto insurance renewal time comes along. They will also look at how much debt you carry and if you have taken out any loans recently. The auto insurance companies do this because they believe that people who are responsible with their money should also be responsible behind the wheel.

So if you are under the impression that your current credit score is affecting your auto insurance quotes/rates, I suggest that you take a look at your current financial habits. Are you making sure that your bills are paid on time? Do you have a lot of loans under your name that the insurers will see? Do you have a history of good relationships financially? If you feel that you are not getting a good deal on your current auto insurance provider, I suggest that you check out some online sites that offer products from companies that specialize in insuring those with less-than-perfect credit ratings. I am certain that if you shop around, you will find an auto insurance company in Oklahoma that will best fit your needs.

 

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