10. Insurance and Your Credit Score
Tawny had been a loyal Allstate customer for 15 years. The Texas woman had paid her premiums on time and had never gotten a ticket, had an accident, or filed a claim.
Then her auto insurance premium tripled:
“I went through a devastating divorce where I lost my home and credit,” said Tawny, who became a single mother with three small children. “About a year later, I got a notice from Allstate that my auto insurance rate was increasing... I wasn’t too worried until I got my first bill. I went from paying $396 every six months to $1,200.”
Kyra in Bridgeport, Connecticut, never had trouble with her auto insurer. But when she tried applying for a renter’s insurance policy with MetLife, she was denied: ...
Get Your Credit Score, Your Money & What’s at Stake (Updated Edition): How to Improve the 3-Digit Number That Shapes Your Financial Future now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
