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Your Credit Score Could Effect Your Insurance Rates

It comes as a bit of a surprise that insurance companies have been using credit scores to determine how much you should pay for your auto insurance. The excuse is the same, they say they are trying to minimize financial risk if you have a history of missing payments. It is also assumed that people with lower credit scores are more likely to file a claim. However, many have critisized this behavior as unfair and say that insurance companies are not notifying consumers of this practice.

To read more visit:

http://www.walletpop.com/blog/2010/01/29/auto-insurance-premiums-tied-to-credit-score/

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