Want to Save Money on Car Insurance pt. 3
Bad Credit + Lapsed Policy Payments = Higher Insurance Rates
We have all heard that paying your credit card bills on time improves your credit scores. The same is true with paying your monthly car insurance policy. If your insurance policy laps, its a strong possibility that when you renew your policy you will be paying more. It may take a few missed payments before they will cancel your policy, but it will take a lifetime of higher premiums to appreciate why lapsing is not a good idea.
