Online Car Insurance with No Credit Check
OnlineAutoInsurance.com allows consumers to get online auto insurance quotes without credit checks or other personal info such as social security numbers. Because companies value the privacy of the consumer, SS numbers are not required for the purpose of quotations.
Many ask “Do I need social security for car insurance?” and “NO” is the answer. You can compare auto insurance quotes without personal information such as driver’s license numbers or credit checks, from a variety of companies.
Many drivers are worried about having bad credit and think that their price quote will be affected by bad credit ratings. Others simply do not want to provide such info because the possibility of invasion of privacy or even identity theft may exist.
Not all states and companies use the SSN’s for determining rates because each state and company has it’s own rules and regulations.
Why do auto insurance companies use credit score?
A driver’s credit report may be among other factors that indicate to an insurer the probability of loss. Just like other statistics such as tickets or accidents, a bad credit score can be a indicator of risk and may lead to higher rates. Those with not so good history should not worry. There is a way to find affordable rates and it’s done by comparing quotes from a variety of companies.
The key is to narrow down the carrier who will offer the cheapest premiums for whatever situation you may be in. Be aware that there is an insurer out there offering the protection desired and a reasonable and competitive quote.
What is the cheapest car insurance quote for drivers with bad credit?
The cheapest quote may come from different companies for each unique driver. Since each company has their own rating guidelines, they may be cheap for one person but the opposite for another. It is a myth that there is the lowest priced insurer in America. The reality is that each person will have to look for their cheapest car insurance. Understanding how premiums are determined will paint the picture of why such information may be used when it comes time to purchase a policy online.
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The insurance industry’s use of credit to evaluate coverage cost is a complete rip-off. It is used to find a reason to raise the rates of those with poor credit, and its used to find a reason to raise rate of those with GOOD credit too… I know, they did it to me.. here’s how they do it: they write a secret “criteria” that you have to meet in order to get the best rate, and they make the rules rediculous, I found one that Nationwide was using as part of thier criteria to Choicepoint: it said “paying of credit obligations in less than 10 years” meaning, if I had a loan, and paid it off FASTER than 10 years, I deserved a higher risk rating!!!
YOu can’t even SHOP for insurance nowadays, I have a 780 credit score, and if I want to check out prices at say, 5 different Insurance vendors every 6 months , I get 10 pulls a YEAR on my credit bureau, for which you are PUNISHED! and don’t beleive the baloney they feed you about “Its only a soft pull” thats NOT true. As soon as you shop you will notice that ALL of your next loans, etc, will ding you for higher rates becuase of “all the pulls on your credit bureau!!
This scenario is RIGGED, and our dirty congressmen (and BUSH) took a LOT of money to let that happen. Just like Bush let the credit card companies go nuts (MBNA was his biggest contributor,fyi)