Auto Insurance Quotes for People with Bad Credit

It’s no secret that credit scores and reports determine insurance premiums of all types, so you can imagine that there is no exception for auto insurance quotes. You hate that, right? When you’ve made a few errors over the years, or have even suffered for the first time during this recession after the loss of a job and/or home, the last thing you want is for your car insurance costs to pay the prices as well.

The good news is that there are ways to get around the curse of bad credit when searching for auto insurance quotes. Let’s explore more closely what they are …

Increase Your Deductible

So you already know that your monthly premium is higher than most others if you have bad credit, so how can you get around it? One way is by increasing your deductible. The higher your deductible is, the lower your premium will be. This is one easy way to decrease that premium.

Consolidate Coverage

If you currently carry homeowners insurance, or even life insurance, you may want to see if you can acquire your auto insurance from the same company. Often times, companies will provide discounts for obtaining more than one coverage from them. So as you’re searching for auto insurance quotes, consider this as an option.

Check Your Report for Errors

If you have some time on your hands – hence, you don’t need coverage yesterday – you might consider obtaining free copies of all three credit reports to make sure there are no errors listed. If you find any discrepancies that could make your score higher than it should be, you can contest to have them removed. This may help to increase your score some, so it doesn’t hurt to try. You can get your FREE credit report very easily online.

Go With a Company That Doesn’t Check Credit

There are a few companies out there that don’t conduct credit checks in order to supply car insurance. And many of them still offer reasonable rates. You’ll have to do a little searching to find them, however. And, of course, you’ll need to make sure they are reliable and are able to pay out if you have an accident.

It’s never fun to think about being charged more for insurance because you have not-so-great credit. But if you consider the above options when shopping around or adjusting coverage, you may be able to lower your auto insurance quotes considerably – but it might not always be the best choice for you.