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The answer is yes, unless you live in certain states like Massachusetts, Hawaii, or California where it is prohibited by those states.  It’s certainly no secret today that your credit score goes with you just about everywhere. If you think it only comes into play when you are applying for a loan or credit cards, you will be in for a surprise. 

Each insurance companies has their own systems that takes in your risk factors and how big your credit score plays in configuring the final premium depends on the company.  Your credit score combined with other risk factors determines your insurance score.  Your insurance score is what your premium is based on.  The good news is that when insurance companies do look at your credit score, it is consider a "soft hit".  Unlike said a credit inquiry when you apply for a loan or a new credit card, a "soft hit" doesn't change your credit score.  So whether you have 500 or a 800 credit score when shopping for insurance, it will stay the same.  

Why you ask does your credit has anything to do with auto insurance?  Statistics. 
It's been proven through data that people with good credit tend to have less claims vs. people with less than stellar credit scores.  Another factor may be expenses.  People with good credit tends to pay their bills on time.  That mean less hassle and overhead for the insurance companies.  Those postage isn't cheap you know.  So, if you are not the best at getting your payments in the mail on time, you may want to make more of an effort to improve your payment track record. 

Need help shopping for insurance?  Get a quote here or give us a call.  As an independent insurance agency, we represent numerous insurance companies to best service our clients.  We would love for you to join our list of satisfied clients.  

-Dave




    "Your Insurance....Our Priority"

Posted 9:39 PM  View Comments

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