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Reader: Why does my credit use affect insurance?
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The Insane Reason You Could Pay 50% More For Car Insurance: Car insurance companies in all but three states — California, Hawaii and Massachusetts, where it’s illegal ... WalletHub’s study finds that Farmers Insurance seems to place the most weight on driver credit data, with a 62% difference between .... Study: Credit scores impact auto insurance: A recent study of the top five U.S. auto insurers by the personal finance social media site WalletHub found an average 49 percent difference in premium costs for a person with an excellent credit score ... want to price insurance with Farmers first .... National group seeks to ban credit history from affecting auto insurance premiums: Only three states have passed laws barring the use of credit scores by insurance companies to affect the cost of auto insurance: California, Hawaii and Massachusetts ... the Wallethub study reports. Farmers Insurance relies most heavily on credit data ...
Factors Unrelated to Driving Can Affect Car Insurance
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