Finance Blog

Stay financially savvy with the Equifax Advisor.

Sign up for our FREE Monthly Email Newsletter


Thank you for signing up for the FREE Equifax monthly newsletter

In addition to keeping in the financial know, you may be interested in checking your credit score and report.

Understand your credit. Help protect your identity.

Equifax Complete™ Premier Plan

  • Know What May Influence Your Credit Score and Be Alerted of Changes
    Credit score monitoring with custom alerts
    Important Disclosure: The Equifax credit score and 3-Bureau credit scores are based on an Equifax credit score model and are not the same scores used by 3rd parties to assess your creditworthiness.¹
  • Help Protect Your Identity
    Automatic fraud alerts encourages lenders to take extra steps to verify your identity²
  • Lock Your Credit
    The ability to lock and unlock your Equifax Credit Report³
Save 75% your first 30 days with the purchase of Equifax Complete™ Premier

$4.95 for the first 30 days, then $19.95 per month thereafter. You may cancel at any time; however, we do not provide partial month refunds.4

¹The credit scores provided under the offers described here use the Equifax Credit Score, which is a proprietary credit model developed by Equifax. The Equifax Credit Score and 3-Bureau scores are each based on the Equifax Credit Score model, but calculated using the information in your Equifax, Experian and TransUnion credit files. The Equifax Credit Score is intended for your own educational use. It is also commercially available to third parties along with numerous other credit scores and models in the marketplace. Please keep in mind third parties are likely to use a different score when evaluating your creditworthiness. Also, third parties will take into consideration items other than your credit score or information found in your credit file, such as your income.

²The Automatic Fraud Alert feature is made available to consumers by Equifax Information Services LLC and fulfilled on its behalf by Equifax Consumer Services LLC.

³Equifax Credit Report Control™ is only available while you have a current subscription to Equifax Complete Premier. Locking your credit file with Equifax Credit Report Control will prevent access to your Equifax credit file by certain third parties, such as credit grantors or other companies and agencies. Credit Report Control will not prevent access to your credit file at any other credit reporting agency, and will not prevent access to your Equifax credit file by companies like Equifax Personal Solutions which provide you with access to your credit report or credit score or monitor your credit file; Federal, state and local government agencies; companies reviewing your application for employment; companies that have a current account or relationship with you, and collection agencies acting on behalf of those whom you owe; for fraud detection and prevention purposes; and companies that wish to make pre-approved offers of credit or insurance to you. To opt out of such pre-approved offers, visit www.optoutprescreen.com/.

4We will require you to provide your payment information when you sign up and we will immediately charge your card $4.95. After that, we will charge the card $19.95 for each month you continue your subscription. You may cancel at any time; however, we do not provide partial month refunds.

Equifax® is a registered trademark and Equifax Complete™ Premier is a trademark of Equifax, Inc. © 2014, Equifax Inc., Atlanta, Georgia. All rights reserved.

Shopping for Auto Insurance: More Options Make the Process Less Painful

Written by Loretta Worters on October 28, 2015 in Insurance  |   1 comment

Consumers today have more tools available than ever to help them shop, compare, and ultimately purchase automobile insurance. Drivers can now research and buy auto insurance coverage through an insurance professional, over the phone, by mail, and on the Internet. Before you begin shopping, however,…

ShopForAutoLoaNConsumers today have more tools available than ever to help them shop, compare, and ultimately purchase automobile insurance. Drivers can now research and buy auto insurance coverage through an insurance professional, over the phone, by mail, and on the Internet.

Before you begin shopping, however, you need to investigate the basis for the cost of auto insurance. It can include your driving record, how much you use your car, where your car is parked, your age and gender, the type of car you own, and your credit history. The price can also depend on what kind of coverage is required in your state and how much you need.

Therefore, it’s important to understand these key primary coverages:

  • Bodily injury liability applies to injuries that you as the driver may cause to someone else. The amount of liability coverage you carry should be high enough to protect your assets in the event of an accident. Most experts recommend a limit of at least $100,000/$300,000 .
  • Medical payments or personal injury protection pays for the treatment of injuries to the driver and passengers of the policyholder’s vehicle.
  • Property damage liability pays for damage you or someone driving the vehicle with your permission may cause to someone else’s property.
  • Collision pays for damage to your vehicle resulting from a collision with another vehicle or object or from flipping over. It also usually covers damage caused by potholes. Collision coverage is generally sold with a deductible of $250 to $1,000—the higher the deductible, the lower the premium. It is typically an optional coverage.
  • Comprehensive reimburses you for loss due to theft or damage caused by something other than a collision with another vehicle or object. This is also usually an optional coverage.
  • Uninsured and underinsured motorist coverage reimburses you, a member of your family, or a designated driver if one of you is hit by an uninsured or hit-and-run driver. Underinsured motorist coverage usually comes into play when an at-fault driver has insufficient insurance to pay for your total loss. This coverage can also protect you if you are hit as a pedestrian.

Choose the best car insurance for your needs

Now that you know the basics of the different types of coverage available, you can compare several factors to make the choice that’s right for you. Here are some important considerations that can help to make your vehicle insurance shopping experience more productive.

  1. Choose an insurance company that is licensed in your state. To find out which companies are licensed in your state, contact your state insurance department . Drivers must buy their coverage from an insurer that is authorized to do business in their state.
  2. Select a company that is financially sound. Check with independent rating agencies and make sure that the company has an A or better rating.
  3. Check to see if the insurance company provides good service. Your state insurance department can tell you if there are any complaints filed against the company.
  4. Make sure to compare apples to apples. Whether you’re looking at coverage on the Internet or with an agent, make sure you compare the same information from companies you’re researching. Failure to include certain parameters in your comparison could make a difference in price.
  5. Be comfortable with the insurance agent representing you. You have hundreds, if not thousands, of insurance representatives from which you can choose. If you’re not comfortable with the agent you have, move on!

If you’ve been thinking that it’s time to start shopping around for car insurance, you now have more opportunities than ever to compare each insurance company’s offerings. This way you can more easily choose the best option for your needs while also ensuring the most cost effective policy.

Loretta L. Worters is vice president of the Insurance Information Institute, whose mission is to improve public understanding of insurance – what it does and how it works. Ms. Worters is an author and woman’s advocate who appears regularly on TV, radio and in publications. Follow her on twitter at @LWorters.

Related Articles:
What Auto Insurance Do You Need When Leasing a Car?
Teens and Auto Insurance 101: How to Keep Your Costs Down
Should You Consider a Longer Car Loan

The information contained in this blog post is designed to generally educate and inform visitors to the Equifax Finance Blog. The blog posts do not give, and should not be assumed to provide, personalized tax, investment, real estate, legal, retirement, credit, personal financial, or other professional advice. Before making any financial decision, you should always consult with the appropriate professionals who can explain your options, rights, and legal responsibilities, and advise you on any tax, legal, credit, or business implications that may result from those decisions. The views and opinions expressed by the authors of blog posts are their own views and may not be the views or opinions of Equifax, Inc. and/or its affiliates.

1 comment

  1. Carina m says:

    I need some advice on an automobile accident that happened during a lapse of coverage and while my car was driven by a neighbor.

Leave a Comment

Name :

Commenting guidelines

We welcome your interest and participation on this forum, but be aware that comments will be published at Equifax's sole discretion. Please don't use this blog to submit questions or concerns about your Equifax credit report or raise customer service issues. Instead, you should contact Equifax directly for all such matters and any attempts to do so in this forum will be promptly re-directed.

Some other factors to consider when commenting:
  1. Registration and privacy. While no registration is required to visit our forum, participants wishing to post a message must register by creating an account. All personal information provided by forum members incident to registration is governed by our Terms of Use and Privacy Policy.
  2. All comments are anonymous. We'll delete your name, e-mail address, and any other identifying information, including details about your investments.
  3. We can't post or respond to every comment - As much as we'd like to, we can't post every comment, nor can we guarantee that we will respond to each individual message. All questions or comments about your Equifax credit report or similar customer service issues should be handled by contacting Equifax directly.
  4. Don't offer specific legal, tax or financial advice. All of the materials on this Site are for information, education, and noncommercial purposes only and this forum is not intended as a means of expressing views or ideas regarding any specific legal, tax, or investment advice. While offering general rules of thumb is both permitted and encouraged, recommending specific ideas or strategies regarding investments, taxes, and related matters is prohibited.
  5. Credit Repair. This blog is not intended as a venue for the discussion or exchange of ideas regarding credit repair or other strategies intended to assist visitors and community members improve or otherwise modify their credit histories, ratings or scores.
  6. Stay on topic. Your comment should be concise and pertain to the specific post in question.
  7. Be respectful of the community. The use of profanity, offensive language, spam, and personal attacks will not be tolerated and egregious or repeat offenders will be banned from future participation. We encourage disagreement and healthy debate, but please refrain from personal attacks on our WordPresss and contributors.
  8. Finally: Participation in this forum may be terminated by Equifax immediately and without notice for failure to comply with any guidelines or Terms of Use. As such, you should familiarize yourself with all pertinent requirements prior to submitting any response through the blog or otherwise. All opinions expressed in this forum are solely those of the individual submitting the comment, and don't necessarily represent the views of Equifax or its management.

Equifax maintains this interactive forum for education and information purposes in order to allow individuals to share their relevant knowledge and opinions with other members and visitors. We encourage you to participate in discussions about personal finance issues and other topics of interest to this community, but please read our commenting guidelines first. Equifax reserves the right to monitor postings to the forum and comments will be published at our discretion. Do you have questions or comments about your Equifax credit report or customer-service issues regarding an Equifax product? If so, please contact Equifax directly. All opinions and information expressed or shared in blog comments are solely those of the person submitting the comments, and don't necessarily represent the views of Equifax or its management.

Insurance Archive