Drivers With Bad Credit Increases The Average Car Premium

If you think bad credit only affects your personal loans and interest payments, you are wrong. You will be charged higher than average car insurance rates because you are considered high risk to the insurers. Past statistics over the past ten years have shown that drivers with poor credit ratings made more claims, which increases the cost of business for the insurers. If you work on improving your credit rating, you will be able to get cheaper than average car insurance.