No Credit Check Car Insurance

Car insurance is something that everybody is required to have, and no credit check car insurance makes that requirement easier. When you are shopping for car insurance, the insurer will do a screening to determine what types of rates and premiums they can give you. Many things can disqualify you from getting low rates and good insurance. Companies will primarily look at your driving record as a way to decide what type of rates they can offer. But more and more, insurance companies are turning to your credit score to determine your eligibility.

Credit Scores Explained

Your FICO credit score is a number between 300 and 850 and it represents your ability to get credit from different companies. Insurance scores above 700 are considered great scores and anything below 600 is considered to be high risk. There are also other agencies that use numerical standards to determine credit, and depending on where you get your score from, these ranges may vary.

A bad credit score comes as a result of poor financial choices. For example, if you are slow to pay back loan payments or are late on your credit card payments, your credit score will fall. Many different things can affect your overall credit report and it is important that you keep all of your payments and finances current in order to keep a high credit score.

Insurance and Credit

Insurance companies use your credit score as a determination for what kinds of rates and policies to offer you. Most companies believe that your credit score represents a good measure of whether or not you are likely to be a high-risk driver. The idea is that people with a bad credit rating are more likely to be more irresponsible and cause accidents. This correlation has yet to be officially proven but credit scores represent an easy way for companies to do a screening. Every has a credit score, whether you like it or not, and it is easy for a insurance company to learn a lot about you through these three simple numbers.

So what are you to do if you have a bad credit score and are looking for cheap automobile insurance? Do you have to resign yourself to paying high rates and premiums? Luckily, there are options for those of you who find yourselves stuck with a bad credit score or rating. Although most credit card companies will perform a credit check, a few insurers exist that do not check credit.

Some insurance companies have bypassed the credit check as a way to screen for potential customers. These companies may be few and far in between, but they represent a good opportunity for people with poor credit histories. Without having to go through a credit screening, many people that may have been ineligible for good rates will have the ability to get affordable insurance. With these types of companies on the market, you can save yourself the embarrassment of going through a credit check.

Like many Americans, you may find yourself in a situation where you have bad credit. Even the simplest of mistake can ruin credit and make your life much more difficult. Looking for and buying insurance with bad credit can be frustrating and expensive. But you do not need to give up and except high rates and premiums for your car insurance. You are only moments away from locating companies that have a no credit check car insurance policy and will give you competitive rates and premiums even with bad credit.


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