See Forbes Advisor’s ratings of the best car insurance companies for drivers with bad credit. In most states poor credit results in very high insurance rates.
In all but a handful of states, car insurance companies use a version of your credit score to determine your monthly premiums. Not surprisingly, those with lower credit-based insurance scores usually pay more: According to data from Bankrate, drivers with bad credit (a FICO score below 579) pay 118% more on average for full coverage than those with excellent credit (a FICO score of 800 or above). CNBC Select analyzed leading auto insurers and chose five standouts based on their rates for drivers with lower credit scores, as well as coverage opt ...
User Reviews : 4.0 · 5,597 reviews, IQ Score : 9.0 /10, Liability Only : $55/mo, Full Coverage : $121/mo
Most drivers with poor credit can find the cheapest car insurance from Geico at rates of $81 per month or $970 per year for minimum coverage.
CNBC Select crowns the best car insurance companies for drivers with at-fault accidents, speeding tickets and DUI convictions.
The provincial government's cap on auto insurance rates for Albertans deemed good drivers was touted as a short-term affordability measure. But some Alberta drivers have noticed that the cap isn’t...
If you’re looking for auto insurance with bad credit, Nationwide ($1,249 per year) and GEICO ($1,568 per year) offer the cheapest policies on average.
Best car insurance companies for drivers with bad credit ; Currently, only California, Hawaii, and Massachusetts ban the use of credit information in setting car insurance rates. In all other states, drivers with poor and average credit-based insurance scores generally pay more for auto insurance than those with good or excellent credit. Some auto insurers also choose to weight your credit history as a risk factor more heavily than others, which is why some carriers may offer better rates for dr...
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Insurance Company ▲ ▼, IQ Score ▲ ▼, Full Coverage ▲ ▼, Liability Only ▲ ▼ ; Midvale Home & Auto, 7.5, $69, $34 ; Erie, 9.0, $63, $41 ; GEICO, 9.0, $72, $47