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While some states — like California, Hawaii, Massachusetts and Michigan — restrict the use of credit scores to determine your premium, many insurers use credit-based insurance scores to set rates.
Only a few states (California, Hawaii, and Massachusetts) do not use credit-based insurance scores to set rates. The best car insurance companies will give you the best coverage for the lowest price.
The use of credit-based insurance scores in car insurance pricing has different results for every driver. ... Don’t underestimate the power of comparison shopping: ...
Report Details Severe Credit Score Penalties in Auto Insurance, Consumer Federation of America. Accessed December 5, 2024. Accessed December 5, 2024. Average car insurance rates by age ...
In most states, improving your credit can be another way to bring down insurance costs. Credit-based insurance scores differ from the scores that lenders use but are based on many of the same ...
Credit history: In most states, a good credit-based insurance score means lower rates. New drivers may pay more with little or no credit established. New drivers may pay more with little or no ...
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