Do you know how your insurance rates are affected by your credit score?
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Did you know that your credit affects your insurance rates? Insurance companies will look at your credit and base part of your rate on your score.
Usually, insurance companies will have a base rate that they use and, depending on what your credit score looks like, they will give you an insurance premium accordingly. There have been many studies done indicating that people with better credit have lower insurance rates. Meanwhile, a bad credit score will mean a higher rate.
If you have any questions, please feel free to contact me. I look forward to speaking with you.