Does good credit lower insurance rates in Georgia?

Since just about all insurance companies will run your credit these days, the better your credit is, the better your approval rate is, however only a handful of companies will give you a lower premium. Most run your credit to determine only whether or not they will approve you.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

You can ask your insurance agent to verify this but I believe that insurance companies only run a "soft pull" on your credit to see if they will insure you or not, basically just a good or bad finding. They do not obtain a full credit history report like when you apply for a mortgage loan.

Statistically, there is a correlation between people with bad credit and an insurance company's claim loss experience. The poorer one's credit, the more likely the company will pay out a claim. The reverse is also true, statistically. The better one's credit, the fewer the losses. Since insurance premiums are based on risk, the better the risk, the lower the premium. This is true in all states, not just Georgia. www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com ~ 888-889-9950