Editor's note: This article first appeared on Insurance.com and is reprinted here with their permission. Click here for the original post.

A bad credit history won't just boost the cost of your car loan. It will probably jack up your car insurance premiums.

More than 90% of insurance companies consider credit history as one of the factors when setting car and home insurance rates.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.