How does my credit score affect my car insurance rates?
Your credit score can affect your car insurance rates because insurance companies use it as a way to predict how likely you are to file a claim. A lower credit score may result in higher insurance rates because it suggests you may be a higher risk to insure. On the other hand, a higher credit score could mean lower rates because it indicates you are more responsible with your finances. It’s important to maintain a good credit score to potentially save money on your car insurance premiums.
