Credit-Auto Claims

What's the credit-auto claims connection? Industry studies show that certain financial strikes -- such as payment delinquencies, outstanding credit card balances, collections, foreclosures, and bankruptcies-- are linked to the likelihood of a person filing a claim.

If you are like the people who assume that the age, driving record, and experience behind the wheel were the main factors in determining insurance premiums.

Turns out that your spendthrift ways may have an impact on what you pay to insure your car and home, even if you're a long-standing customer and generally an upstanding citizen. More and more home and auto insurers rely on credit data as a predictor of future loss, using it to decide whether they will accept, cancel, or renew home and auto policies, and exactly what they'll charge you for them.