The world is a very unpredictable place, especially right now. We take risks every day, sometimes without even knowing it. But, without proper financial protection, these risks can have a devastating impact.
In many situations, people with lower Fico Scores are more at risk for financial armageddon if they do not have the proper insurance. But, there’s good news! We found a few companies that make shopping for auto, life, and critical illness insurance with bad credit simple and easy:
1. An Auto Insurance Company That Isn’t Scared Of Your FICO Score
Nearly every state requires some form of auto insurance to drive on the road. Not only is this insurance legally required, but it also provides essential protection.
Unfortunately, car insurance companies base their rates on the creditworthiness of the driver(s). Finding affordable auto insurance with bad credit can be extremely difficult.
That’s where Gabi comes in! Gabi is an auto insurance comparison website that allows people with all types of credit to compare several insurance companies to find a provider they can afford. Just show them your current policy, and they will search to find you the lowest rate. On average, Gabi users save $825/yr.
You will be able to compare rates from companies like Progressive, Travelers, Nationwide, Safe Co., ClearClover, Kemper, The General, and many more.
2. What If You Get Really Sick Or Hurt?
Most health insurance policies provide basic coverage for regular health care needs. Unfortunately, when a severe illness, such as a heart attack, broken bone, or cancer, occurs, many people find that the out-of-pocket expense is astronomical.
In these situations, critical illness insurance can help cover the gaps that health insurance can leave. Most offer cash payments to cover the costs health insurance does not cover.
Some providers can offer insurance options at affordable prices to protect individuals from facing a financial crisis due to a serious illness, even with less than perfect credit.
Breeze Critical Illness Insurance offers bad credit insurance for those who are concerned with the potential gaps in health insurance. Breeze’s easy to use app offers anyone the ability to get a no hassle-free quote. Plans start for as little as $9.
3. Planning For The Future With Bad Credit
Life insurance provides peace of mind for you and your loved ones. Having bad credit could sometimes go hand in hand with having debt. Your loved ones will get the money they need to cover burial costs and satisfy any outstanding debts.
Unfortunately, life insurance with bad credit can be costly. In some cases, it may be impossible for individuals to get the protection they need for their families due to the high prices.
Ladder Life Insurance offers term life insurance policies that are perfect for anyone with debt. Plans are available with term lengths of 10, 15, 20, 25, 30 years.
A Ladder’s life insurance application is entirely online and typically takes around 3 minutes to complete. Ladder makes getting life insurance easy and affordable. Ladder makes it so easy that you may not even need to take a physical.
You can get a term policy from Ladder with a face value between $100,000 up to $8 million. Here’s the trick, as your debts decrease over time, you can lower your life insurance coverage and pay less in premiums.
Every type of insurance carrier will check credit and FICO Scores to determine whether they can approve the insurance and at what rates. This process makes it vitally important for people with less than perfect credit to search for providers that offer the most options. Bad credit shouldn’t stop anyone from getting the best insurance available.