Is there a connection between credit scores and auto insurance?According to WalletHub’s research, there is.
In its 2017 Auto Insurance & Credit Score Report,WalletHub compared the cost of policies in all 50 states and theDistrict of Columbia from five of the largest auto insurancecompanies in the U.S. for a pair of hypothetical applicants who areidentical save for their credit standing: One has excellent credit,and the other has no credit. WalletHub also examined howtransparent the major car insurance companies are regarding theiruse of credit data and where they get it.
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