Do they check your credit for car insurance?

+1 vote
asked Jan 19, 2019 in Insurance/Registration by NXPCplacek (220 points)
Do they check your credit for car insurance?

1 Answer

0 votes
answered Jan 19, 2019 by Dex R (4,600 points)
Insurance companies do check your credit when shopping for car insurance and they use that credit score to assess the risk you would be to them.

Your credit score being low can cause you to pay a higher cost for car insurance and a higher credit score can allow you to have a lower cost for auto insurance.

So having a good credit score is essential to getting the best cost for auto insurance.

106,221 questions

111,959 answers

1,334 comments

7,057,776 users

...