#Washington consumer checkbook gutters driver

#Washington consumer checkbook gutters driver

“We found that some families, especially those with fair or poor credit, or who’ve had an accident, or God forbid they have a teenage driver on their policy - most of them could save $1,000 or more,” Brasler said. Big companies such as State Farm, Allstate, Farmers and Nationwide offered policies costing more than $1,300. Price differences for the same policy can be significantĬonsider rates Checkbook found for a hypothetical couple living in Arlington, Virginia. “It’s not easy to do unfortunately, the credit bureaus are notorious for being lousy at helping people out to fix these errors.” People with fair and even good credit are being penalized with costly auto insurance because of those mistakes, Brasler said. He believes it’s worth the effort to get mistakes fixed. “They’re relying on information that’s known to have tons of errors.” “A lot of us have errors in our credit report,” Brasler said. Brasler said one of the biggest factors taken into consideration is your credit score - even more than your driving record. But, you do need to keep in mind that some of the lowest-cost companies don’t offer those discounts.”Ĭheaper car insurance may depend on credit scoresĮverything from your job to where you went to college is part of a complicated formula most insurance companies now use to come up with policy rates. “Go with the place that offers the lowest rate. “You don’t want to run out and grab that 10 percent bundling discount if you could save 50 percent on your auto insurance,” Brasler said.īut don’t let that discourage you from shopping around. Business & Finance Click to expand menu.ĭon’t assume buying homeowners and auto insurance policies with the same company saves money.