While researching an insurance policy for ways to save money on coverage can provide some short-term payment relief, contacting a credit lawyer or checking credit reports can often yield bigger savings.
This is because insurers often review a consumer's credit score before they decide what rates to set on the coverage. As a result, individuals with bad credit may end up paying more on their monthly premiums.
However, consumers may be able to save money simply by checking their credit reports prior to filling out an insurance application. By contacting a credit repair attorney, investigating unfair credit reporting and drafting dispute letters where appropriate before applying for a new policy, consumers may end up saving hundreds of dollars annually on their coverage.
Many credit report errors are serious enough to drop a consumer down into another credit category and by correcting these problematic items, consumers and their families may be able to reduce their coverage costs.