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.

Posted by Alyssa DiCrasto

Alyssa uses her many years of experience writing about complex industries to research and create clear content that makes insurance easy to understand. She has been with Rate Retriever since its beginning, establishing our strict editorial policy and directing our comparison experience.

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