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Does having a bankruptcy affect the cost of car insurance?

Bankruptcy can have an impact on your car insurance rates because of one reason. Bankruptcy information is entered on your credit report.  Many car insurers suggest that a person with a poor credit score may be more likely to file a claim.  So, where they are able, car insurers do pull credit reports.

It is unlikely that you will be denied insurance because of that, but you may pay more in premiums because of a bankruptcy.

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