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Your Credit Could Be Why Your Car Insurance Is So High

February 8, 2021

Via: TheStreet

If you can’t afford to pay all your bills right now, the last thing you need is overpriced car insurance. But that’s exactly what can happen if your credit dips low enough (and you live in a state where insurers can charge you more for it).

Drivers with poor credit pay an average of 77% more than drivers with good credit in states where it’s allowed — even with identical driving histories, according to NerdWallet’s analysis. The practice is not allowed in California, Hawaii, Massachusetts or Michigan.

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