A bad credit score is commonly a basis for high insurance fees for the car owner.

Cheap Car Insurance for Bad Credit

Call Now (813)270-0867
A bad credit score begins at 540 points and below for a majority of insurance companies.

You don't have to pay extremely high premiums just because you have bad credit.

Some companies can set a bad credit score from 525 and below. You can still find a good car insurance policy at an affordable price, even with a bad rating. There a few tips that can help you find a cheap car insurance policy with lousy credit.

Reduce your overall bad debts

Before going out to shop for suitable car insurance, it is imperative that you lower your total outstanding debts. Having a poor score creates the impression that you are a risky driver. You don't need to give the insurance more reasons to charge higher rates. Clear your outstanding credit debts starting with that to have high prices. Close as many credit accounts as possible before visiting car insurance companies. Also, settle any unpaid bills for your home or phone. The overall outcome is that the insurance review agent will see that you pay debts and not that risky.

Shop for several car insurance quotations

To ease your search for an insurance company for people with a bad credit history, utilize an online search website. Check out the various rates that different insurance companies offer and contact the companies for a quotation. The rates of a quote will vary from one company to the next. Small private insurance companies can offer prices as cheap as $550 while policy companies have premiums that start from $700. You can talk online with an insurance agent to know whether you can get a discount. The quotation will help you to decide which insurance company to use.

Consolidate all your policies to qualify for a discount

Drivers with home insurance, medical insurance, and other plans with one insurance firm can get a discount on car insurance even with bad scores. Your insurance provider may choose to overlook your bad credit score and give you reasonable premiums for your car insurance. You get a good rate if you have an excellent long-standing history with your current insurer. The fact that you have several policies with the company also plays into getting you reasonable prices. It is also likely that a company where you are a customer will understand a bad score due to financial constraints.

Trim your coverage and increase deductibles

You can lower your insurance premiums by increasing the deductibles and trimming your overall insurance coverage. The risk of the increased deductible is that you will have to pay some expenses from your pocket in case of an accident. However, if you are a good driver, it is a small risk to take. If you have an old car, you can trim your coverage for comprehensive coverage. The vehicle may not be useful to you for a long duration, and you can take advantage of that to reduce premiums.

You can use one or a combination of all the above ideas to get a reasonable car insurance premium with poor credit. It is essential to try and improve your credit score to get better car insurance rates in the future. Even a small improvement of 100 points can take you from lousy score to fair score which can save you $300-$500 in car insurance. You should keep up with your credit payments and reduce the credit facilities you are servicing to improve your score. You can ask the insurance companies to review your premiums once your score is better.   

Get a Free Quote Today!