Kentucky Non Owner SR22 Insurance – Check These Rates
Q: I have non owner SR22 insurance in Kentucky and recently defaulted on a student loan. I renewed my insurance policy this month and the rates are suddenly much higher. Are these two things related? Is this legal?
A: Since I can’t see your records with your car insurance company, I can’t tell you for sure, but I would say that it is very likely that the two are related, and it is also very legal. Although car insurance companies won’t do this every time you renew your policy, many do check your credit when you get a new policy and do so again once every one to three years. Companies who do this, and most do, are following the lead of companies which sell other types of insurance by using credit reports to compile an insurance risk score.
For those who have bad credit and are excellent drivers, it may seem more than a little unfair for them to be charged so much on their insurance for something they think is unrelated, but many 24 year old male drivers could say the same. What studies show, though, is that if you have bad credit, you will probably be filing a few car insurance claims. People with bad credit also have a history of, like you, defaulting on payments, and car insurance companies want customers they can be sure will pay them every month.
Cheap Car Insurance For Kentucky College Students
Q: I go to school in Bowling Green, and I only work part time. I do have some student loan which helps me support myself, but too much goes to my car insurance, and I’m afraid of needing to get another loan before the end of the school year. Can I find a way to pay less money on my car insurance?
A: Since you have car insurance, you have to pay more than the rest of us, but this also means you have a greater impetus to search out the best car insurance discounts. Never settle with a company that doesn’t have any good discounts available for you.
One discount for your which you should encounter universally is a good student discount, which is or those college and high school students who manage to achieve grades of either a B average or a 3.5 GPA or above, depending on the standards of your car insurance company.
Another thing student related which may apply to you is a discount for people whose home owns are far away from the college–usually 100+ miles. If this is how it is with you and your home own, you can leave your car there and say on your parents’ insurance policy instead of paying so much for your policy.
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