Fredericksburg

QUESTIONS? CALL: (540) 371-6995
After Hours 888-974-6736
HOURS: M-F 9-5:30 | Closed Saturday & Sunday
  • HOME
  • AUTO INSURANCE
  • ADDITIONAL INSURANCE
    • Commercial Insurance
    • Motorcycle Insurance
    • Homeowners Insurance
    • Renters Insurance
    • Ride Share Insurance
  • WHY INSURANCE DOCTOR
  • LOCATIONS
    • Home Office
      • MAIN SITE
    • Northern VA
      • ALEXANDRIA
      • ARLINGTON
      • FAIRFAX
      • FREDERICKSBURG
      • WOODBRIDGE
    • Richmond & Chesterfield VA
      • ASHLAND
      • BRANDERMILL
      • CHESTER
      • HENRICO
      • MECHANICSVILLE
      • MIDLOTHIAN
      • RICHMOND
      • SHORT PUMP
    • Central VA
      • CHARLOTTESVILLE
      • HARRISONBURG
      • ROANOKE
    • North Carolina
      • RALEIGH
  • CONTACT US
  • Home
  • Auto Insurance Premiums
  • Why do auto insurance applications include questions asking for my credit information or if I have claimed bankruptcy?
June 13, 2025

Why do auto insurance applications include questions asking for my credit information or if I have claimed bankruptcy?

Why do auto insurance applications include questions asking for my credit information or if I have claimed bankruptcy?

by admin / Wednesday, 16 December 2015 / Published in Auto Insurance Premiums, Automobile Insurance, Insurance Doctor

The connection between your safety record and your credit rating seems confusing. Many consumers feel uncomfortable about providing this information on an automobile insurance application. Insurance companies explain that credit information is necessary for a proper risk analysis when evaluating an insurance application.

They have determined that there is a connection between credit risk and safety risk. Some insurance company statistics show that drivers with bad credit file more accident claims than drivers with good credit. It seems that consumers who are careful with one aspect of their lives (e.g., financial affairs) are likely to be careful with other aspects of their lives (e.g., driving habits). Credit information is also needed to determine whether an applicant is likely to pay premiums on time. WE WORK WITH SEVERAL COMPANIES THAT DO NOT CHECK YOUR CREDIT.

  • Tweet
Tagged under: bankruptcy, credit information, credit rating and insurance, insurance application

About admin

What you can read next

Our Ashland customers have such nice things to say!
How exactly does the Insurance Doctor work?
Our Chesapeake customers have lots to say…
If we can't beat your current price, we'll buy you dinner!
Disclaimer: Must provide a copy of current policy for verification. Once verified, a $25 check will be mailed from the Insurance Doctor corporate office.
* $25 value
* VA residents only


Contact Us
Office: (540) 371-6995

Insurance Doctor of Fredericksburg

10052 Southpoint Pkwy
Fredericksburg, Virginia 22407
Monday - Friday 9:00 am-5:30 pm
Saturday: Closed
Sunday: Closed

Open in Google Maps

  • GET SOCIAL
Fredericksburg

We Accept Visa, MC, EFT, cash in office, auto bill, debit.
Copyright © 2016 Insurance Doctor
Your Virginia Car Insurance & North Carolina Car Insurance Agency

TOP