What is an auto insurance score?
The Bankrate.com financial term of the day is: "Auto insurance score."
An auto insurance score is similar to a credit score. It's a confidential rating that uses information about how well you handle money to help determine what you pay for car insurance. Insurers believe that people who are responsible with their checkbook will be responsible behind the wheel, too. So if you pay your bills on time and haven't opened credit cards willy-nilly, you'll be assigned a high score and be rewarded with a good auto insurance rate. However, if you've filed for bankruptcy or are otherwise a mess with money, you'll get a lower score and higher rates.
Want to pay less for car insurance? You'll need a good auto insurance score, and that means you need good credit.
To find the best auto insurance rates, click on the insurance tab at Bankrate.com.
How did consumers respond when asked about job security, savings, net worth, and debt?
Comparison shopping will help you know deals from duds at a dollar store.
Looking to save money? Here are eight easy ways to save $5,000 in one year.
Just because you have a coupon doesn't mean you should shop. Know when to buy.
Trim the fat around your grocery budget with these money-saving tips.
Mortgage rates jumped this week.
New car loan rates fell 1 basis point each.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused. We do not permit the inclusion of hyperlinks in comments and may remove any comment that includes a hyperlink.
Get cost-cutting tips for buying, selling and maintaining your wheels. Delivered monthly.
While gas prices have dropped dramatically, the sales of diesel cars has continued to grow, rising 13.5 percent in 2014 over 2013, according to the latest data compiled by IHS Automotive for the Diesel Technology Forum.
... Read more