Can Car Insurance Affect Your Credit?

1. 

   16470 POINTS

   view profile
   David Osgood

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

   Normally only if you do not pay your premiums on time. If you are in arrears for any portion of your auto insurance premium it is possible that the carrier may turn your account over to a collections agency which may in turn adversely affect your credit rating. Auto insurance carriers to the best of my knowledge currently do not report any information to the credit agencies.

   Answered on October 29, 2013

   flag this answer
Did you find these answers helpful?
Yes
No
Go!

Add Your Answer To This Question

You must be logged in to add your answer.