Olde Hornet
Well-Known Member
http://www.usatoday.com/story/money...-car-insurance-can-yield-good-deals/30795799/
Getting the best car insurance rates isn't as simple as keeping your record clean, according to a recent report that says what you pay may have more to do with how well you pay your bills than how well you drive.
After analyzing more than 2 billion price quotes from more than 700 companies nationwide, Consumer Reports concluded that premiums are based more on the companies' own interpretation of your credit score than accident rates or even drunken driving. For example, single drivers in Florida with a clean record and poor credit paid $1,552 more on average than similar drivers with great credit who had been convicted of driving drunk.
Getting the best car insurance rates isn't as simple as keeping your record clean, according to a recent report that says what you pay may have more to do with how well you pay your bills than how well you drive.
After analyzing more than 2 billion price quotes from more than 700 companies nationwide, Consumer Reports concluded that premiums are based more on the companies' own interpretation of your credit score than accident rates or even drunken driving. For example, single drivers in Florida with a clean record and poor credit paid $1,552 more on average than similar drivers with great credit who had been convicted of driving drunk.