Credit history helps shape insurance premiums, but relationship between credit and claims a bit murky

George Altman, Capital Bureau MONTGOMERY, Alabama — Is a storm more likely to damage your home if you are late paying credit card bills? Most insurance companies think so, and they charge accordingly, according to industry experts. Spokesmen for State Farm Insurance Cos., the state’s largest property insurer, said that the company’s statistical models demonstrate […]

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Does a Good Credit Score Mean Cheaper Car Insurance?

It’s no secret that nowadays your credit score is almost as important as your social security number, but can having a good credit score lead to cheaper car insurance? Although insurance providers may not willingly divulge the information on exactly how your deductibles and premiums are calculated, but it’s almost a guarantee that your current […]

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