Comments on: Does my credit rating affect my car insurance rates? http://www.e-wisdom.com/faq/auto-insurance/does-my-credit-rating-affect-my-car-insurance-rates/ Answers to frequently asked questions to help you save money on monthly expenses. Thu, 29 Oct 2009 17:03:15 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Matt http://www.e-wisdom.com/faq/auto-insurance/does-my-credit-rating-affect-my-car-insurance-rates/comment-page-1/#comment-64 Matt Tue, 22 Sep 2009 15:11:32 +0000 http://www.e-wisdom.com/faq/?p=182#comment-64 No, all insurance companies do not check credit reports, and those that do check don't always check. Furthermore, those that do check credit reports may be limited, depending on state law. Figuring out whether or not your credit report will be (or was) used to determine insurance rates will take a little research on your part. Many states (but not all) are now requiring insurance companies to disclose and/or get permission to check either a potential client's or a current client's credit report. And some states are limiting insurance companies' practices of using credit report information even more. To find out your state's policies regarding insurance companies and credit reports, visit your state insurance Web site, which can be found on the <a href="http://www.naic.org/state_web_map.htm" target="_blank" rel="nofollow">NAIC State Web Map</a>. No, all insurance companies do not check credit reports, and those that do check don’t always check. Furthermore, those that do check credit reports may be limited, depending on state law.

Figuring out whether or not your credit report will be (or was) used to determine insurance rates will take a little research on your part. Many states (but not all) are now requiring insurance companies to disclose and/or get permission to check either a potential client’s or a current client’s credit report. And some states are limiting insurance companies’ practices of using credit report information even more.

To find out your state’s policies regarding insurance companies and credit reports, visit your state insurance Web site, which can be found on the NAIC State Web Map.

]]> By: Marcy http://www.e-wisdom.com/faq/auto-insurance/does-my-credit-rating-affect-my-car-insurance-rates/comment-page-1/#comment-59 Marcy Sat, 19 Sep 2009 23:55:03 +0000 http://www.e-wisdom.com/faq/?p=182#comment-59 Do all insurance companies check credit or only some? If only some is there any way to know which do and which don't? Do all insurance companies check credit or only some? If only some is there any way to know which do and which don’t?

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