car insurance and credit rating?
Im getting insured in 4 days, well hoping to,
anyway i have been online, got my quote, got all the way till i put my bank details in (just to see if it would work)
im trying to get monthly payments, i was worried though when i put my details in they might check my credit rating and change my quoted policy, or is that policy i am given on their site official and thats after assessing my credit rating?
btw im talking about the AA
A quote is just a quote. It isn't definitive.
I suggest you get quoted everywhere you can, then wait. You should get contacted by phone.
If you did your homework you will know what price you want to pay, ask for that. If they agree then that's definitive.
Here's some good sites:
http://car-insurance.moneysavecenter.com/a/1.html?id=89od
http://www.cheapcarinsurance.esuperfind.com?id=ntmw8
they are all the main insurers fighting to get your business so they'll quote as low as they really can.
A poor credit rating can affect your insurance premiums. I was told that people with bad credit are considered more likely to have a car "stolen" for insurance payofff. It makes sense to me.
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I've been an auto dealer for 23 years.
A quote is just a quote. It isn't definitive.
I suggest you get quoted everywhere you can, then wait. You should get contacted by phone.
If you did your homework you will know what price you want to pay, ask for that. If they agree then that's definitive.
Here's some good sites:
http://car-insurance.moneysavecenter.com/a/1.html?id=89od
http://www.cheapcarinsurance.esuperfind.com?id=ntmw8
they are all the main insurers fighting to get your business so they'll quote as low as they really can.
References :
Statistically people with a bad credit rating are also a poor insurance risk. Although it might not apply to you personally you get lumped together with other people with poor credit to determine your rates. As Dale already pointed out people with poor credit are more likely to commit insurance fraud. Having their cars stolen to stolen to avoid a repossession, staging a fake accident, or simply inflating a claim. Besides fraud they are also much more likely to file an honest claim for a minor incident rather than absorb the loss.
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I suggest you talk to several insurance companies in your own area after getting quotes from online sources. Many times, local insurance agents can find lower rates than you are quoted online; and, in the event you do have a claim, you will have a real person to talk with.
For fifteen years I had car insurance with a reputable company who had local representatives in the city where I lived. After moving to another state, I found there were no offices or representatives of that insurance company within 200 miles of the city where I lived. I was told any accident I was involved in, or claim I might make, could take as long as four to five weeks before a representative/adjuster would even be able to talk with me.
I immediately began searching for another insurance company, and found one within two blocks of my home–same coverage–and lower monthly cost. I now have full coverage on the newest car, liability on a 20-year-old car, and $20,000 renter's insurance for $50 less than I was paying to my previous insurance carrier for full coverage on the newer car and liability on the old car. I am on a monthly payment schedule, and have the payments automatically taken from my checking account.
Having my insurance agent only two blocks from my house is reassuring. I know he, or one of his associates, is there to answer any questions I might have. I also know, if I am involved in an accident, or have an issue with my personal property in my rental unit, I am only minutes away from help.
Local agencies, even though they may operate under the umbrella of well-know companies such as All-State, Farmer's Insurance, or State Farm, are less likely to check your credit rating. Their commission may be tied to the number of policies they write.
Btw, I don't know AA.
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Online quotes and agent quotes can vary by hundreds of dollars. The agents will do a credit check and a driving record check. Also the agent will know of different programs that can give you discounts where online you wouldn't get them unless you knew where to look. Check with more than one company, going through their agents, not online. Also, if you can, pay yearly or every six months. Paying by the month will cost you more. Credit scores have nothing to do with your driving record as far as the price of insurance. The reason your credit score influences your cost is: When you buy insurance, they are quoting you for a years worth of insurance, and even though there may not be a contract for a year, the company expects you to be with them for that year. Now if you are paying monthly, and you have bad credit, the chances are you will stop making payments before the year is up. So the company raises your rates to make sure they get the money to cover what they would have made on your money for that year.
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