Car insurance can send you to collections and can lead to a lower credit score which can also affect how you get loans, credit cards and other credit.
It can also cause your car insurance to be higher if you switch to other car insurance companies.
And eventually your car insurance can be dropped due to missed payments and you would have to get it reinstated.
Your car insurance will not always go up if your credit score goes down although a higher credit score decreases your car insurance rate.
Getting an auto insurance quote though also does not hurt your credit or lower your credit score.
The best credit score for car insurance is a credit score of 800 although a 600 to 670 credit score is also good and is what a lot of people have.
The higher your credit score the lower your insurance premiums will usually be.
A good insurance score is roughly 700 or higher, though it differs from company to company.
You can improve your auto insurance score by checking your credit reports for errors, managing credit responsibly, and building a long credit history.
A good credit score is a credit score between 670 to 739.
Most lenders view people with credit scores of at least 670 and above as acceptable or lower risk borrowers.
The average US credit score is a credit score of 717 which is a pretty good credit score.
The higher the credit score the better.
It used to be possible to have a 900 credit score but now you can only have an 850 credit score for the highest credit score.
The highest credit score is 850 which is an excellent credit score.
While older models of credit scores used to go as high as 900, you can no longer achieve a 900 credit score.
The highest score you can receive today is 850. Anything above 800 is considered an excellent credit score.
The most your credit score can increase in one year is 100 to 200 points.
Raising your credit score takes at least a year to 2 years to see a significant increase in your credit score.
A good credit score is a credit score in the range of 670 to 739 although 600 can also be considered a pretty good credit score.
An excellent credit score is a credit score of 800 and above.
A credit score of between 670 to 739 is considered to be a good credit score.
Below 680 is considered an average credit score and 300 or less is considered a bad credit score.
Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.