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Credit-Based Car Insurance: The Research

Posted by Sean | September 4, 2008 .

One thing that bugs me is when people say things like "everyone spends 12% more with credit cards, no matter what" without actually reading any of the studies. This can lead to a telephone game where people use a study to support their pet causes 100% — nevermind the conclusions, assumptions, methodology, limitations, etc.
Part of [...]

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Credit-Based Car Insurance Rates… A Bad Idea?

Posted by Sean | August 29, 2008 .

Shan at The Apostle of the Turtle wonders,

"Is it just me, or is it a stretch to assume that your FICO score—which measures your loyalty to the act of borrowing money—is an accurate barometer for determining how well you drive?"

As I found in By The Numbers: Credit Scores and Car Insurance, most insurers use credit [...]

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Your State’s Resources for Car Insurance

Posted by Sean | July 29, 2008 .

After the eye-opening research on car insurance in Missouri, I wanted to provide similar resources for people in other states. So here is the list of state government page that deal with car insurance. They are of variable quality, so some people will be overjoyed to find this list, and others will be sorely disappointed. [...]

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By The Numbers: Credit Scores and Car Insurance

Posted by Sean | July 20, 2008 .

Did you know your credit score can influence your car insurance rates?
You probably answered a big "YES" if you read personal finance blogs.
If not, here are five quotes to explain what is going on, by the numbers…

"According to a study by Conning and Co., more than 90% of auto insurers use a credit scoring system [...]

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The Anatomy of Car Insurance

Posted by Sean | July 13, 2008 .

We are always hearing about the huge differences in auto insurance rates.

"I just saved a bundle on car insurance"
"Save up to $300 by dealing direct."
"People who switched saved an average of $353"
"Save up to $500 by switching to us."

Then there’s the real world examples of savings at FreeMoneyFinance.com.
Read enough examples and it is clear some [...]

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Car Insurance - Then and Now

Posted by Sean | July 10, 2008 .

Also from today’s meeting with my agent about car insurance…
I wanted to make a chart of how car insurance can change over 10+ year with the same car and no accidents, but my records are sketchy before 2003. Luckily, my agent still had a copy of the initial policy from 1997:
1997: $694 every six months [...]

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Car Insurance - How Low Can You Go?

Posted by Sean | July 10, 2008 .

Inspired by the frequent "I just save a ton on my car insurance" posts at FMF, I met with my insurance agent earlier this morning. Mainly because her office moved closer and now it is totally convenient. Not because I thought I would save a ton of money. (background: my car insurance is the lowest [...]

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