The company says they created three driver profiles using made up people. All of them were 21-years-old, driving 2009 Mustangs and living in Palatine, Illinois. Each of the fictitious drivers had the same five to six year history. The only difference between them was their driving record. “Everything else about the drivers’ profiles was as identical as possible using the various online applications of six major auto insurance companies,” David Thompson, President and CEO of E-Insure Services, said in a news release. “Good Driver had no moving violations and no accidents, Bad Driver reported a couple of accidents, and Drunk Driver had a DUI conviction.”

The best driver of the bunch was able to get insurance rates as low as about $90 a month. The bad driver received quotes ranging from $166.22 to $238.05. And finally, a drunk driver was given a wide range of quotes. “One carrier wouldn’t insure Drunk Driver at all. Another wanted $347.86 per month. And a third gave Drunk Driver the low quote of $95 a month, almost as low as Good Driver’s lowest car insurance quote ,” said Thompson in the news release.

Even the company conducting the research says the broad range in quotes is surprising. “Car insurance companies look at a number of factors besides driving records to determine premiums. The miles you drive, your vehicle and its safety rating, even your credit score come into play. That’s why it really pays to get at least three competitive auto insurance quotes before you commit,” said Thompson in the news release. Thompson says most drivers can expect to pay about six percent more this year for author insurance compared to last year.

In order to save money, experts say it’s important to take advantage of anti-theft discounts, multi-car policies, and enlisting the same company for multiple insurance products. Thompson offered up other options for cutting costs, “Pay annually instead of monthly. Pay online at the insurer’s website. You should also review your auto insurance at least once a year and review your coverage options.”

Auto Insurance Rates Vary Drastically Depending On Driving Record is a post from: Peppercoin Insurance

Those against the policy are now trying to get the legislature to ban it. The state House did approve the ban, but early predictions show a different outcome is likely in the Senate. Kuhnmuench told reporters that approving the ban would actually cause rates to increase for two-third of insurance policyholders. On the contrary, a state insurance consumer advocate claims the ban would cut rates for nearly three out of four insurance customers.

Chief Justice Maura Corrigan voted in favor, saying that insurance companies “have demonstrated a clear correlation between insurance scores and risk of loss,” justifying the use of credit scores. Chief Justice Marilyn Kelly who was against eliminating the ban said that the evidence supporting the connection between credit scores and insurance risk was not conclusive or complete.

Court Says Insurance Rates Can Depend On Credit Scores is a post from: Peppercoin Insurance

Review Your Credit Report: Make sure your credit report is accurate. Every consumers in the US is allowed free access to their credit report every twelve months from each of the three main credit reporting agencies. Visit AnnualCreditReport.com for access to yours. Look for any inaccuracies that could be forcing your credit score to be lower than it should be. Make sure there are no signs of identity theft.

Pay Delinquent Accounts: Eliminating any outstanding debts that are in collection will help improve your credit score. Make sure to pay your bills by the due date to avoid an even lower credit score.

Ask for Proof: If your insurance company charges you  higher rates based on your poor credit score they are required to tell you based on the Fair Credit Reporting Act. If they tell you that be sure to ask for proof. They must give you a copy of the credit report they used to obtain the information about your credit score.

Check Around: Quotes vary with different insurance companies. If you’re not pleased with the quote you receive from one company, check around. You may get a better rate for car insurance from someone else.

What To Do If Bad Credit Is Driving Up Car Insurance Costs is a post from: Peppercoin Insurance

You want to start off in a good position to buy homeowners insurance and then you want to choose the right company to get it from. Homeowners insurance is a necessary expense that will shield you from problems for years to come. If you value your home then you will want to make the most of homeowners insurance.

When You Look For A Home

Even when you are looking for a home, you want to have homeowners insurance in mind. There are many details that influence how much you will have to pay for homeowners insurance so you will want to pay attention to them all. You will want to get a disclosure report from the seller so that you will be aware of any problems that are a part of the home you are considering.

Some of these problems may hike up your rates while others could even make it difficult for you to get any coverage. Insurance companies see problems such as water damage and any threat or damage to the structural integrity of a home as red flags. These problems may keep you from getting coverage.

Good Credit Matters

Your credit score matters when it comes to homeowners insurance. Once again, a poor credit score is another factor that could make it difficult for you to get any homeowners insurance. Even if you do manage to get homeowners insurance, with a poor credit score you can be sure that you will be paying more for that coverage.

You need to get your hands on copies of your credit report from each of the three major bureaus and make sure that there are no mistakes. Aside form that, you want to make sure that you do all that it takes to raise your credit score and to keep it high. Insurance companies will judge you by your credit score.

Choose A Quality Insurance Company

You may think that all insurance companies are the same, but you want to make sure to choose one that gets high marks from their customers. You can check out the Consumer Reports listing of these user friendly companies to make sure that you choose one that will be good to work with. This list is ideal because it is based on the reports of other customers and rates their level of satisfaction with each insurance company.

You can also ask friends and family for their experiences with homeowners insurance companies. You just want to make sure that you don’t buy blind. Homeowners insurance is too important to leave your company choice to chance.

Making the most of homeowners insurance means making sure that you can get your home insured, maintaining a good credit score, and choosing a quality insurance company. All these factors will determine your experience with homeowners insurance. If you want to have good experinces with your insurance then don’t leave anything to chance.

How To Make The Most Of Homeowners Insurance is a post from: Peppercoin Insurance