The Effect Your Insurance Score May Have on Your N.C. Insurance Premium
The Effect Your Insurance Score May Have on Your N.C. Insurance Premium North Carolina requires vehicle owners to carry at least the state-mandated minimum limits of liability auto insurance. However, finding affordable coverage might be more challenging than expected due to your insurance score. Before shopping for the best N.C. auto insurance rate, it’s important to understand how your insurance score can affect your premium. What Is an Insurance Score vs. a Credit Score? Many people confuse these two terms, but they have distinct meanings. Both can impact your N.C. insurance premium rates, but an insurance score predicts the likelihood of future claims or accidents, assigning a risk factor to you. In contrast, a credit score reflects [...]