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Credit Scores Can Determine Auto Premiums

Did you know that the insurance companies use your credit score in determining your auto insurance premiums? It doesn’t matter if you have a clean driving record. Insurance companies use their private formulas and your credit score to determine your likelihood to file an insurance claim. They also are looking to see if you can pay your premiums. You have limited recourse. You can talk to your agent or insurance company to see what you can do to improve your score, you can verify your credit score to ensure its accuracy, and you can shop around to see what other insurance companies are charging.

If you or someone you know have been involved in a South Florida motor vehicle accident, or if you have insurance questions regarding Uninsured and Under-insured Motorist Coverage, it’s important to speak with an experienced Florida auto accident lawyer that can help you obtain compensation for your lost wages, medical bills, and other damages