Credit scores help determine what you pay for insurance - KMOV.com

Credit scores help determine what you pay for insurance

(KMOV) – According to Missouri insurance experts, insurance companies are allowed to consider drivers’ credit scores when determining rates. 

Although they cannot cancel policies or reduce benefits, they can decrease or increase your premium if your credit score goes up or down.
 
According to experts, the best recourse is to shop around since the St. Louis auto market is highly competitive. First, talk to your current agent to see if they will reduce your premium. If they will not, experts say you should talk to an independent agent who can shop the entire market for the lowest quotes.

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