The transparency of credit histories, which legally since July last year can be accessible to any individual entrepreneur or organization, can play a cruel joke to the credit debtor when car insurance. When concluding an insurance contract, of course, with the consent of the motorist, his credit history may become the object of close study by the insurer. The thing is that when costing hull for a particular citizen, insurance organizations decided to use a criterion such as customer payment discipline. It turns out, and this was confirmed by real research, there is a direct correlation between the way a client pays his debts and how he drives a car. These studies have confirmed that drivers with overdue loans cause a loss of 20 percent to the insurer than diligent payers.

A disciplined borrower, according to insurers, is likely to be a diligent driver, accidents with his participation are improbable due to his fault, and therefore a CASCO policy should cost much less for him than for an extremely undisciplined citizen who does not pay the bills on time. Such a citizen creates emergency situations more often, therefore, he must pay more for insurance. This is the logic of insurers, according to which they are going to calculate in the future size hull for driver.

Therefore, those drivers who are not in arrears on any credit obligations will spend less on the insurance policy than drivers who have a bad credit history.

According to the United Credit Bureau, about seventy percent of drivers are CASCO policy holdersthere is a credit history. And now it will directly depend on its purity. insurance policy value. In addition to determining the value of the policy, insurers by access to the database of credit histories will be able to verify the identity of the driver, the correctness of the data provided to them.

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