Does Auto Insurance Build Your Credit?

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   David Osgood

   Agent, Rural Mutual Insurance Co., Union Grove, WI

   Unfortunately, it will more than likely not affect your credit at all. The best you could hope for is that a company will look favorably upon a coverage history when deciding whether or not to provide you with credit. Typically your credit score is based on payment history of credit cards, loans and a few other factors. Normally not insurance payments. Things can change. If in doubt check with your local agent. Each state is different and legislation is a moving target.

   Answered on May 13, 2013

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