Yes, Liberty Mutual uses your credit score as a factor in determining your auto insurance rates, as do most major insurers. However, credit checks performed by auto insurers don't harm your credit rating and are only done in states where it's legal for your credit rating to affect your rates. The answer to the question of whether the credit score matters when it comes to getting cheaper quotes for car insurance in Toledo is Yes. Insurers generally use a person's credit score as a way to assess risk and set premiums.
In Oregon, auto insurers can consider your credit history, including current and past ratings, when calculating premiums. However, Oregon law also requires that insurers cannot increase or reduce an applicant's premium by more than 35% depending on their credit rating. While higher rates for driving incidents typically apply at any auto insurance company, another insurance company may offer a more affordable rate. Let's take a deeper look at Liberty Mutual and its insurance products to help you determine if this auto insurer would be a good fit.
A good or excellent credit rating often results in lower car insurance premiums in Toledo, as these ratings often indicate financial responsibility and better money management skills among drivers. In addition, many insurance companies in Toledo offer discounts for teen drivers who maintain good grades in school and complete driver training courses. For example, Liberty Mutual offers discounts to drivers who insure multiple vehicles on their policy or who pay for their entire policy in advance. Whether you can shorten your commute to work, use more public transportation, or even ride more bikes, driving fewer miles each year could lower your Liberty Mutual premium.
Opting for a higher deductible on any of your Liberty Mutual insurance policies can lower your premium. Finally, if you're still struggling to pay for your Liberty Mutual policy, you should consider switching to another insurer. Keep in mind that your credit score isn't the only factor used to determine your car insurance rates. RightTrack, Liberty Mutual's telematics program, rewards you for driving well with a discounted premium.
Many auto insurers use credit data to determine their premiums because there is a proven correlation between a lower credit score and a greater likelihood of filing a car insurance claim. You can reduce the costs of your Liberty Mutual car insurance by taking advantage of Liberty Mutual discounts, opting for a higher deductible and reducing your coverage, among other things. For some, Liberty Mutual car insurance may offer affordable coverage, while others may receive better quotes from other insurers. In addition to the low average rates, Geico can offer one of the longest lists of potential auto insurance discounts from all major companies in Ohio.
Liberty Mutual offers a wide variety of discounts that can help lower your overall car insurance bill.