Credit Score Affects Insurance
A higher credit score decreases your car insurance rate, often significantly, with almost every company and in most states. Getting a quote, however, does not affect your credit.
Your credit score is a key part of determining the rate you pay for car insurance. Better credit often gets you a better rate, and worse credit makes your coverage more expensive.
Poor credit could more than double insurance rates, according to a nationwide analysis of top insurers. In contrast, very good credit could reduce rates by as much as 24% compared to average credit.
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