Not exact matches
For years, insurance companies have maintained data suggesting that
people with lower credit scores had more frequent, and higher
cost, insurance claims.
So, if you take the
person with a good
credit score of 720 compared to the
low end of 490, that same car Doug, ends up
costing $ 8,991 dollars over four years more interest.
People with lower credit scores will probably end up paying higher interest
costs on their loans.
Having a
lower credit score will
cost you more in raised vehicle insurance rates, because auto insurance companies have determined that
people who take more risks
with their money will take more risks on the road.