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Insurance companies have proven that those people who have a lower credit rating also have a high amount of claims. This is statistical information and in no way is meant to state that everyone who has a low credit score will have claims.
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∙ 11y ago
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when buying a used car from a small lot is or when is the person buying the car need to have insurance If the buyer had no insurance is the dealer liable?
If you are buying the car outright then it's up to you to decide when to get the insurance. If you are getting credit, you will have to have the insurance in place prior to taking possession of the vehicle.
Can you buy a car in Florida with a suspended license?
Yes, but you have to buy it straight out and you can't drive it on the road! Buying a car on credit, you need a valid Driver License in order to get Insurance. A car dealer wont release a car on credit without proof of insurance and Insurance companies won't give you coverage unless you have a valid Driver License.
What are some options for buying a car with bad credit?
There are many options for buying a car with bad credit. Some options for buying a car with bad credit include taking out a loan from a company and taking out a loan from a friend or family member.
Where can one find tips for buying car insurance?
Buying car insurance can be tricky. One should ask friends and family what experiences they have had with car insurance and then do some online research to find what insurance is best for their needs?
If you are buying a car from a dealership do you need proof of insurance prior to buying?
no
What should I know before buying an insure car?
You should know what the best insurance rates are on the car you are thinking of buying and if you may want a car that costs less on insurance.
Is a eclipse considered a sports car on insurance?
I was wondering if a eclipse is considered a sports car on insurance
How can you get your car insurance to ignore your bad credit and lower your rates?
A bad credit rating will most always affect your car insurance rates. This is what car insurers call 'being at risk' - The best 'fix' to get lower car insurance rate is to improve your credit rating.
Do i need auto insurance with a license but no car?
you only need auto insurance if you driving. upon buying a car, you should get insurance.
Does Asda car insurance do credit checks?
ASDA Car insurance will do a credit check when you apply. The information contained in your credit report will impact what rates you will be charged if your application is accepted.
Do you have to have good credit to get collector car insurance?
A good credit score helps with the purchase of insurance because good bill payment is a sign of responsibility and lowers your risk to the insurance company. You may still be able to get insurance for your car, even with a low credit score. Call up your local insurance office.
Does buying a repossessed vehicle raise your car insurance?
In this state buying a repossessed vehicle is no different from buying any other vehicle as far as insurance is concerned. The insurance agent checks over the car, takes pictures, checks the odometer, and quotes the rate just like any other used car. Of course if you have one car and you purchase a second car, your insurance goes up.
