Question 1

Why does my credit history have anything to do with my insurance premium?

stagingeckburg · Accepted Answer

Insurance company statistics show that someone with good credit history has life characteristics that parallel insurance company profitability. For example, someone with good credit history might be more apt to own a home with a garage that the cars sit in instead of being left in a parking lot of an apartment complex when hail hits. In addition, someone with good credit history will replace tires instead of attempting to get through another winter with no traction.

Question 2

Why does my credit history have anything to do with my insurance premium?

stagingeckburg · Accepted Answer

Insurance company statistics show that someone with good credit history has life characteristics that parallel insurance company profitability. For example, someone with good credit history might be more apt to own a home with a garage that the cars sit in instead of being left in a parking lot of an apartment complex when hail hits. In addition, someone with good credit history will replace tires instead of attempting to get through another winter with no traction.