Low credit score indicates higher probability in becoming involved in insurance fraud.As I/we divert this catalytic converter thread further off course, here's something to consider:
I used to sell auto/home insurance in the 1970s/80s. Back then your premium was based on type of vehicle, driving record, distance to work, home location, multi-car discount, etc, etc. Lower deductible amounts and higher amounts of liability insurance also raised your bill.
But now in many states the insurance companies also pull a credit check on you, and a lower score can also increase your overall amount. I still don't understand how the companies correlate your credit score to your chance of making a claim, but its in their calculations.
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