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In most states, your credit score can be used to calculate your car insurance premium. And insurers are taking advantage of that, with 92% of carriers adding your credit score to their insurance ...
Drivers with poor credit can expect to pay from $230 to nearly $550 more per year for car insurance when compared to those with fair or poor credit, according to a recent report, with even higher ...
The use of credit-based insurance scores in car insurance pricing has different results for ... Don’t underestimate the power of comparison shopping: ... The best and worst Super Bowl ...
State. Average Annual Premium (Excellent Credit) Average Annual Premium (Poor Credit) Increase for Drivers with Poor Credit. Michigan. $2,774. $8,759. 216%
Usage-based insurance (UBI), also known as pay as you drive (PAYD), pay how you drive (PHYD) and mile-based auto insurance, is a type of vehicle insurance whereby the costs are dependent upon type of vehicle used, measured against time, distance, behavior and place.
Since car insurance is regulated at the state level, there are 50 different pricing structures across the country, according to Consumer Reports. Some states require insurance companies to provide...
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