Many homeowners are surprised when their homeowners insurance agent asks for permission to run a credit check before issuing a quote, but doing so is common practice among insurers. According to Bankrate, 85 to 90 percent of insurance companies use an insurance score when calculating premiums. Your insurance score is largely based on your credit score, and it can be improved by manipulating your credit score. By paying your credit card bills twice a month, you can raise your credit score and secure a lower homeowners insurance quote.
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After getting pulled over and arrested for drinking and driving, you may feel like your life is over. A DUI conviction would likely mean that you will lose your driving privileges for a specified period of time, and it could affect your life for a long time. However, you can get back on the road again if you fulfill your obligations and take a few additional steps to become a legal driver again.
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Being convicted of drunk driving is costly in a huge number of ways. You can lose your freedom, your job, your relationships and your license to drive. Once you have completed the other requirements necessary to make restitution for your conviction, you will probably be ordered by the court to obtain an SR-22 certificate. Sometimes this is called SR-22 insurance, but theDMV explains that it is not an insurance policy. It is a certificate you get from your insurance company that proves you have let your insurance company know that you have been convicted of driving while under the influence and are therefore considered a high risk candidate for insurance.
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You never drink and drive, and you've never had a speeding ticket in your life, but your auto insurance premiums are still higher than you'd like. Your driving record isn't the only thing that insurers look at when setting your auto insurance premiums. You may be paying more for your car insurance because you can't get a handle on your credit. Could your bad credit drive up your car insurance premiums?
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You want the best auto insurance that you can get, just in case you need it, but you don't want to pay too much for it. After all, unless you get into accidents frequently, chances are that you'll pay far more into the insurance company than you'll ever receive in payouts. If you're like most people, there are many things you'd rather spend your money on other than insurance. You can reduce your auto insurance payments by shopping around and taking advantage of discounts and deals, but you should also be looking out for things that are negatively affecting your auto insurance rates.
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