Auto insurance, Gap insurance, Health insurance, Income protection insurance, Casualty, Life, Burial insurance, Property, Liability, Credit, Other types, Insurance financing vehicles, Closed community and government self-insurance,
Credit ratings
Insurance companies have started using credit ratings of their policyholders to determine risk. Drivers with good credit scores get lower insurance premiums, as it is believed that they are more financially stable, more responsible and have the financial means to better maintain their vehicles. Those with lower credit scores can have their premiums raised or insurance canceled outright.[30] It has been shown that good drivers with spotty credit records could be charged higher premiums than bad drivers with good credit records