How Much Does a Poor Credit Score Increase Your Insurance Rates?
Lots of consumers aren’t too surprised to learn that their credit score can impact the rates they pay for auto insurance. But by how much? We took the time to compile and analyze some sample data on the actual price increases for a sample of consumers, and the results area astounding. For example, in Nevada a single 40 year old male and a single 21 year old female would see their rates almost DOUBLE if their credit score went from excellent to poor. Better think twice about making that late payment on your credit card! It might cost you more than you realize.
