What Is My Neighbor Paying For Their: 2015 GMC TERRAIN
|41, Female, Single, Colorado 81004|
|Year/Make Model: 2015 GMC TERRAIN|
|Ownership Status: Owned|
|Discount: Continuous Insurance Discount – Gold | Five Year Accident Free | Multi-Policy | Paperless | Three Year Safe Driving|
|Selected Coverages With Carrier: PROGRESSIVE|
|Bodily Injury Liability: 25,000 each person,$50,000 each accident|
|Property Damage Liability: $25,000 each accident|
|Uninsured Motorist Property Damage: No Coverage|
Comprehensive: $1,000 deductible
Collision: $1,000 deductible
Medical Payments: No Coverage
|Other Rejected Coverages: Rental Reimbursement, Roadside Assistance|
People often wonder if and how credit scores affect auto insurance rates. If you didn’t know by now, yes credit can affect your premiums.
If you have a poor credit score or an unsavory insurance history (lack of making payments, lapses in insurance, etc.) the insurer will see you as more of a financial risk. Therefore you will likely be asked to pay a higher down payment with subsequent higher payments. As shown in the chart below, the monthly payment almost doubles if you have poor credit as opposed to excellent credit.
Total 6 Month Premium:
Monthly Installments: $104.58
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