It has come to our knowledge that military
personnel are really getting a tough time to get auto insurance policies due to
the high rates that they are being charged or they are being turned away by
some auto insurance carriers. This is because most of the military personnel
have poor credit history due to their career. This poor credit history combined
with other financial troubles will affect their credit score. A credit score
directly impacts your military auto
insurance, the higher the score the lower the rates while the lower the
score the higher the rates.
Most of the military personnel are regularly
transferred from one base to another, this leads to them losing most of their
billing information. Military auto
insurance is expensive for many military personnel due to their poor credit
history. However, you can build your credit history and get lower rates that
will save you extra cash monthly by following the instructions below.
·
Get your
credit report. The first thing that you need when building your bad credit
history is your credit report. This is a report showing the factors and reasons
that have affected your credit score so far, though it does not show your
credit score. You will get this report from any relevant body. Check for any
inconsistencies so that you can file a complaint and get it corrected.
·
Pay all your
bills using electronic bill. This is not just the latest but the best mode of
making all your bill payments. Most of the military personnel lose their bills
due to the frequent transfers. Sign up for electronic bills and you will always
receive your bills plus you can retrieve them at anytime or anywhere.
·
Shy away from
credits. Military personnel get a lot of credit facilities in any station that
they are posted. Avoid as much as you can from applying new credits as this
will only stretch your income more making it hard for you to manage or pay your
current bills or any debts that you owe. Keeping off from credits will boost
your credit score as you will be managing and paying all your bills promptly.
This will help you get lower rates for your military auto insurance.
·
You need to
cut off the balances if your credit cards. This will reduce the amount of money
that you owe making it easy for you to manage all your debts. You will do this
by paying a deductible, a large cash deposit that will greatly reduce your
credit card deposit. This will make it easy for you to pay your military auto insurance monthly premiums,
as you will have increased your liquidity.
·
Ensure that
you pay all your current bills on time and in full amount, this will raise your
credit report and you can use it to bargain for lower military auto insurance rates.
Tips
Build your credit score; this is the best way to get
lower auto insurance rates. Make good use of the military mortgages to build
your credit score.
