Quote:
Originally Posted by kannibul
That above info is kind of interesting...
Insurance score - therefore, if you buy a car and have to finance it, you're alreayd a notch or two towards paying more for insurance than the guy that pays cash.
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This is not necessarily true. Insurance companies usually only order credit at new business or after 3 to 5 years. Thus, if you already have insurance with your carrier and you purchase a new car, they will likely rate the car using the insurance score from your initial insurance purchase.
Check with your state department of insurance for laws about credit rating. Rating based on credit is heavily regulated and each state is different when it comes to what information is used and how often credit can and can not be reordered.