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How Does Your Credit History Affect Your Portland Auto Insurance?

Your credit history affects the cost of your Portland auto insurance

by jim on August 20, 2013

Your credit history is like your financial report card – it not only influences your loan approvals but also your Portland auto insurance rates. Having a poor credit report can greatly affect the overall cost and rates of your auto insurance. If you have faced financial troubles in the past, it is never too late to start fresh and work towards improving your credit score.

According to experts, it is possible to bring a positive uplift in your credit history in as little as three months. What you need is proper planning and budgeting – and you will be all set to get a clear credit record as well as affordable Portland insurance rates! Keep reading to find out how.

Why Do Insurance Companies View Your Credit report?

When you apply for Portland auto insurance, you are actually asking the insurance company to trust you and your driving capabilities. Your credit report will prove to be a credible resource for judging your past financial records, and the company will view the credit report to see how regular you have been in making payments for your loans in the past.

What if You Have a Poor Credit History?

Not to worry. Even if your past credentials haven’t been so great, it is never too late to turn over a new leaf. First things first, get a copy of your credit report issued to get a head start. Next, talk to your Portland auto insurance company and let them know about your current financial status and loan payment details. This way you can present a better case and let them know that even if your credit history was a little weak in the past, you have moved beyond those problems and can handle your finances much better in the future.

Improve Your Credit Score

Last but not the least; start improving your credit score to get guaranteed low Portland auto insurance rates. Catch up on your credit card and loan payments, avoid defaulting and get in touch with us to discuss your options and get a cheaper quote on your Portland auto insurance.

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