[LISTEN] How car insurance premiums are calculated
CapeTalk’s Zain Johnson speaks to Christelle Colman, an insurance expert at Old Mutual.
CAPE TOWN – Your credit score is one factor that could impact your monthly car insurance premium.
Old Mutual’s Christelle Colman explains: “Most insurance companies view your credit score to calculate your insurance premium. So if you don’t look after your credit record and default on payments, or you’re not a good paying customer, that can impact how much you pay on your insurance premium.”
Listen to the audio above for more.