A friend of mine told me that she was able to get a better rate with letters of reference. Sounds unrealistic to me.
2007-11-27 07:42:17 · 5 answers · asked by la9799 2 in Business & Finance ➔ Personal Finance
Sorry it doesn't work that way. The only thing that counts is your driving record. About the only letter of reference I can think of that might affect rates is one from the courts specifying that a driver with dui's has completed court ordered classes for dui's or the like. Despite the letter the driver will still be considered a risk and any "discount" will be minimal at best. Young people, especially males, have to pay higher rates simply because of the overall risk of inexperience and tendency to drive along the edge of poor judgment behind the wheel.
2007-11-27 07:49:35 · answer #1 · answered by LEC 4 · 0⤊ 0⤋
A good credit rating will lower your insurance. A good driving record will lower your rates. A personal letter of reference regarding your character will not lower your rate.
2007-11-27 15:46:34 · answer #2 · answered by RT 66 6 · 0⤊ 0⤋
Your right-your credit history is the only thing that will get you a lower rate.
2007-11-27 15:45:24 · answer #3 · answered by blue 4 · 1⤊ 0⤋
Im not sure.
But you can save a boat load off money by switching to
Geico.
2007-11-27 15:45:15 · answer #4 · answered by Fuzzybutt 7 · 0⤊ 0⤋
yes it does they will check your credit and let you know better yet check your credit score yourself that way you no what your worth
2007-11-27 15:46:22 · answer #5 · answered by Anonymous · 0⤊ 0⤋