Possibly. Effective June 30, 2003, insurers are restricted from increasing your rates if you don't have a credit history. Those restrictions apply unless the insurer proves an increase is warranted for people of your age and sex, and who live in your general neighborhood. Because of this law, we anticipate that fewer insurers will penalize you because you don't have a credit history.
There is something you can do. Sometimes an insurer will not be able to find a meaningful credit history for you. If you think you have a credit history but the insurer cannot find it, make sure your agent or insurance company has your correct name, address, social security number and birth date.
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Possibly. Effective June 30, 2003, insurers are restricted from increasing your rates if you don't have a credit history. Those restrictions apply unless the insurer proves an increase is warranted for people of your age and sex, and who live in your general neighborhood. Because of this law, we anticipate that fewer insurers will penalize you because you don't have a credit history.
There is something you can do. Sometimes an insurer will not be able to find a meaningful credit history for you. If you think you have a credit history but the insurer cannot find it, make sure your agent or insurance company has your correct name, address, social security number and birth date.