The Impact of Credit Scores on Car Insurance Rates

Companies view credit scores as a kind of gauge of fiscal responsibility. It’s not always a 1:1 calculation — people open lines of credit for all kinds of reasons that sometimes have more to do with a dire family situation than a lack of responsibility. But in short, that’s how companies view credit scores, and so it’s in everyone’s best interests to keep their scores as high as possible.

Expensive vacations and nice cars are tempting, but jeopardizing your credit will put your future goals at risk. Whether you want to finance graduate school or obtain a mortgage to buy a house someday, your credit history is paramount.