If you’ve ever tried to purchase Tennessee low cost car insurance, you’re probably aware of the impact your credit score has on policy-underwriting and rate-determining procedures. While there are a few restrictions auto insurers have when it comes to using your credit score (an insurer can’t, for example, take action against you based on your score), it’s no secret that having a decent score increases your chances of finding affordable car insurance in Tennessee.
Making repairs to your credit score will help you get Tennessee low cost car insurance, and we’ll even help get you started. Take these five tips into consideration.
Obtain your credit report(s). America’s top credit bureaus are Equifax, Experian and TransUnion. Order a credit report from each bureau as information tends to vary from report to report.
Study your credit report(s). Study each report and take note of both correct and incorrect information. If your report includes incorrect negative information, your chances for getting Tennessee low cost car insurance will, in turn, be negatively affected.
Dispute incorrect information. When you find incorrect negative information, file a dispute with the credit bureau in question. Make sure to keep copies of all communication between you and the bureau.
Think about the correct information. If you have positive information on your credit report (and we hope you do!), remember the steps you took to get those results. Remember the mistakes you made to get negative information and devise a plan to avoid continuing those mistakes.
Continue to build your credit. Consider secured credit cards designed for people with no or poor credit to help re-establish your credit. In the meantime, call on other lines of credit that weren’t reported. Your gas card and department store credit line, for example, may be in great standing but not reported. Contact those institutions and request they report to a credit bureau. Otherwise, you may risk your chance at getting affordable car insurance in Tennessee.