Press Release: 2018: Worst states for drivers with bad credit
The report also reveals other key insights, including:
- Why Michigan tops the list: The economic and political factors that play into making Michigan the worst state for bad credit drivers.
- How and why car insurance companies use credit scores: 90 percent of car insurance companies nationwide use credit information when determining insurance rates, based off a “credit-based insurance score” using the information contained in credit reports.
- Options for bad credit drivers: The best types of car insurance for bad credit, how to determine the right coverage and ways to improve credit scores and rates.
- Nationwide average by company: The average rates for bad credit drivers for six major insurers.
- Rates from major carriers broken down by state: The average rates for drivers with bad credit from top insurers, by each state.
To view the full report, and see where your state ranks, please visit CarInsurance.com to access it here.[2]
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