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Credit Guides And Credit Services Blog 6 November 2008

6 November 2008

New Auto Insurance Policy Philadelphia

Posted by James Breen at 11/6/2008 2:41:00 PM

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Posted at 14:41 0 comments


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GMAC Insurance uses credit to determine your auto insurance quote, as do most carriers. According to a recent survey by Conning & Co., a Hartford, based insurance research firm, 92 percent of all insurance companies use credit information when underwriting new policies. It is important to note that a credit score is just one of several underwriting tools GMAC Insurance considers when determining rates; we also consider rating variables such as driving record, type of vehicle, where you live, your gender, your age, and other factors.