Credit reports and scores are commonly used by auto insurance companies when underwriting and pricing the policy premiums. Credit scores have been shown to be highly correlated with future auto insurance claims.
However, auto insurance companies do not report premium payment or claims information to the credit bureaus. So there is no direct impact of car insurance on your credit worthiness.
However there may be an indirect impact on your credit if you suffer an auto accident while uninsured, or under insured. You may suffer from a loss of income if disabled. There may be extra medical bills, car repair expenses, and other liabilities.
Any of these situations could make it difficult to make timely payments on any existing loans or debts. Late payments will certainly hurt your credit.
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However, auto insurance companies do not report premium payment or claims information to the credit bureaus. So there is no direct impact of car insurance on your credit worthiness.
However there may be an indirect impact on your credit if you suffer an auto accident while uninsured, or under insured. You may suffer from a loss of income if disabled. There may be extra medical bills, car repair expenses, and other liabilities.
Any of these situations could make it difficult to make timely payments on any existing loans or debts. Late payments will certainly hurt your credit.