Tip:
Highlight text to annotate it
X
You are thinking about buying car insurance and you are wondering how do they figure out
those premiums? Well one thing that is very important is your credit. My name is James
Burrows with The Resurgence Group. We are a full service agency and we specialize in
auto insurance. You might wonder well why would my credit affect my auto insurance?
Well that's how they figure out responsibility. There are a couple of ways once you decide
to sit down with an agent and go over various policies, deductibles, and limits and things
of that nature and you come up with a plan of action as to what type of policy you are
looking for. They'll ask you for your information, they'll put it into what is called a computer
and then they'll ask for what is called an MVR which is a Motor Vehicle Report which
is very important if you have had any tickets or accidents but then they'll ask for what
is called a clue and the clue report is very specific to your credit history and once they
pull that it is called financial responsibility and they will determine whether you are going
to pay a premium or more importantly they are going to offer you a discount because
you have got favorable credit so in this day and age it really makes sense to pay your
bills on time and you might not think about your auto insurance but everything is affected
by credit these days especially car insurance so my name is James with The Resurgence Group
and what we are trying to do is help people understand different ways to save money on
their auto insurance and the biggest thing right now is credit so if you have great credit
you are going to get a discount on your car insurance and if you have not so great credit
they are going to know based on a report called the clue report and then you'll wind up paying
a little bit more. Either way you do need car insurance so make sure you speak to an
agent and you get the proper insurance for the right amount of money.