When your credit score sustains a dent, make sure your car doesn’t. Because higher car insurance is just what you need when you’ve lost your job. Auto insurers use customers’ credit scores as part of the formula to determine premiums. Shop around—different companies assign different weights to credit score in their calculations. [MainStreet.com]
More From Consumerist
- 3 Things We’ve Learned About How Demographics, Credit Scores & Marital Status Affect Your Car Insurance Rates
- Some Drivers Don’t Want Insurance Companies Tracking Them, Even If It Means Discounts
- 5 Ways To Improve Your Finances With Minimal Effort
- Home Renters Pay Up to 47% More For Car Insurance Than Homeowners
- Will Costco’s Switch From American Express To Visa Affect My Credit?