{"id":10368,"date":"2024-08-19T13:00:00","date_gmt":"2024-08-19T13:00:00","guid":{"rendered":"https:\/\/veloxinsurance.com\/blog\/?p=10368"},"modified":"2025-01-28T14:05:01","modified_gmt":"2025-01-28T14:05:01","slug":"impact-of-credit-score-on-georgia-car-insurance-rates","status":"publish","type":"post","link":"https:\/\/veloxinsurance.com\/blog\/impact-of-credit-score-on-georgia-car-insurance-rates\/","title":{"rendered":"The Impact of Credit Scores on Car Insurance Rates in Georgia\u00a0"},"content":{"rendered":"\n

When it comes to figuring out how much you should pay for your auto insurance in Georgia<\/a>, insurers have a few different ways of doing it. One way in particular is to use your FICO score as a sort of \u201ctrustworthiness test\u201d to see if you are a responsible person. <\/p>\n\n\n\n

This guide will help you better understand how your score factors into your premiums \u2014 and how you can potentially avoid paying higher premiums if you do have a less-than-stellar FICO. Read on to find out the answer to this question: \u201cDoes my credit score affect my insurance?\u201d <\/p>\n\n\n\n

The Intersection of Credit Scores and Car Insurance in Georgia<\/strong> <\/h2>\n\n\n\n

In Georgia, your score isn\u2019t just about getting a loan or a new Visa\/Mastercard\/Amex card; it can also affect your car policy rates. But why does your credit score affect your insurance price? Insurers cite studies that show those with higher credit scores tend to drive more responsibly and also pay their bills on time. Less accidents and claims, plus on time bill pay is part of what drives lower policy rates in Georgia<\/a>. <\/p>\n\n\n\n

Your ability to handle your money can influence how much you pay to keep your wheels covered. According to Georgia law (O.C.G.A. \u00a7 33-24-91<\/a>), insurers can check out your report when determining your premiums. So, if your score has more ups and downs than a roller coaster, buckle up \u2014 this one\u2019s for you! <\/p>\n\n\n\n

Decoding Credit Score Impact on Car Insurance Rates<\/strong> <\/h2>\n\n\n\n

The most typical scores that insurers might use include: <\/p>\n\n\n\n