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The Baltimore Sun Consuming Interests column: Your credit score can affect car insurance bill.
Byline: Dan Thanh Dang
Aug. 7--John Rogers will be the first to admit that he's had some money problems.
Someone digging through the 43-year-old salesman's credit history would see some unpaid bills on his account, a bankruptcy from 15 years ago when his son needed life-saving surgery, and even an Internal Revenue Service lien that still lingers.
"I've been working to improve it," said Rogers, who lives in Northeast Baltimore. "I'm able to go out and get loans and I'm no longer paying the 22 or 24 percent interest that I used to pay. I'm not the worst-credit person in the world and I'm not the best. But I don't see how it has any bearing on how I drive, though."
Well, it doesn't -- not technically, anyway. It does, however, play a role in how much you pay for your auto insurance. Insurance companies don't use your credit score to predict payment behavior. Some use the scores as a factor when estimating the number of, or total cost of, claims that customers are likely to make.
Rogers found that out the hard way. When he recently opened his Erie Insurance renewal statement, Rogers was gobsmacked to find that his auto insurance premium had jumped by 12 percent.
Instead of the $7,400 he was paying for three cars (a 1999 Nissan Sentra, a 2000 Chevy Cavalier and a 2005…
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