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Credit history may have a major impact on auto insurance premiums

August 3, 2015July 31, 2015 S.Vagus

Survey shows that credit history is playing a major role in the cost of insurance coverage Consumer Reports has released the results of a recent survey run in the United Stated concerning auto insurance quotes. The survey shows that credit history plays a major role in how much insurance coverage will cost drivers. Credit history may, in fact, have a larger influence on premiums than a person’s driving record, according to the survey. Consumer Reports’ Margot Gilman suggests that this is the case in many states, where poor credit history…

Homeowners insurance in Colorado is more expensive for some

August 18, 2014August 16, 2014 Julie Campbell

Individuals who have bad credit are paying more to cover their properties, regardless of other factors. For individuals who don’t have a good credit record, if they live in Colorado, it is more than likely that they are paying more in their homeowners insurance premiums than someone with a better credit history but who has a similar property. The results of a recent study have shown that there is a massive difference in insurance premiums based on credit scores. The study was conducted by InsuranceQuotes.com an showed that residents in…

Thinking of Buying a Car? Don’t Forget about the Costs of Insurance and Gas

March 24, 2013April 21, 2014 Guest Author

New car buyer insurance information Many people are prepared to haggle over the price of a new car in order to get the best deal possible. However, they often forget about the extra expenses that can add up over the years, which are affected by the type of car they choose. If you are planning on buying a new car, don’t rush into any decisions. Instead, have a sit down about some of the other factors that can affect the running costs of the car over the years, and take…

Auto insurance takes many non-driving factors into account when calculating premiums

October 7, 2012October 6, 2012 Julie Campbell

Rates are determined by many things, not all of which occur behind the wheel. Auto insurance companies take many different factors into account when they calculate the premiums that will be paid every month by their policyholders, but not all of them have to do with driving. There are many additional elements such as occupation, education, and ZIP codes that can also be included. A consumer group is now taking action against some of these behaviors by asking New York insurance commissioners to limit the ability of insures to apply…

Auto insurance pricing draws ire of consumer advocacy group

October 1, 2012October 1, 2012 Marc

Survey shows consumers believe auto insurance pricing is unfair The Consumer Federation of America, a consumer advocacy group, has released the results of a survey it conducted last week concerning how people feel about their auto insurance coverage. The group suggests that, according to the survey, many consumers feel that they are facing unfair pricing practices concerning their auto insurance coverage. These consumers claim that their policies are being prices based on information concerning their occupation, education level, and marital status. Group finds that certain factors hold significant influence over…