How Much Do Car Insurance Rates Go Up Because Of Poor Credit?

Traffic fines, accidents, and the automobile you drive all have an impact on your car insurance rates, but many people are surprised to learn that your credit can as well. The average rate rise for people with bad credit is 76 percent, according to Forbes Advisor’s review of vehicle insurance rates in the 46 states that accept credit as a pricing consideration. This equates to a yearly increase of roughly $1,180 on average. For a variety of reasons, including the fact that credit has nothing to do with how you…

Read More