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***Kevin*** · 10-03-2007, 11:32 AM

I overheard an insurance agent say that there is some relationship between my credit score and the cost of insurance...can you explain how my credit score might influence my insurance premium and why insurance companies look at the score?

This could be true depending on the state. Technically, in California, they’re not allowed to do this. The theory is that people with bad credit (bankruptcies etc etc) could be more prone to having claims and not paying premiums.

10-03-2007, 11:32 AM	#6
*Kevin* Admin Car: 2008 Aspen White STI Fav Mod: The Driver Location: Southern California Posts: 12,715 IWSTI Addict since: Jan 2001 Trader Rating: (1)	Re: Insurance FAQ I overheard an insurance agent say that there is some relationship between my credit score and the cost of insurance...can you explain how my credit score might influence my insurance premium and why insurance companies look at the score? This could be true depending on the state. Technically, in California, they’re not allowed to do this. The theory is that people with bad credit (bankruptcies etc etc) could be more prone to having claims and not paying premiums.