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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.
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: ...
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 average cost of car insurance can vary drastically from one carrier to another based on a variety of rating factors, including the type of vehicle you drive, your driving history and the ...
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 ...
If you live in any other state, a low credit score could cost you hundreds a year in car insurance. In fact, improving your credit score from a “poor” rating (below 580) to an “excellent ...
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