Does Car Insurance Help Credit Score?

  1. 16470 POINTS
    David Osgood
    Agent, Rural Mutual Insurance Co., Union Grove, WI
    To the best of my knowledge insurance carriers do not report information about client payment history's directly to the credit agencies. So, the short answer would be, no I do not believe that having auto insurance coverage will help your credit score; but it sure wouldn't hurt it either. Having auto coverage and maintaining your coverage will show moral and financial responsibility.
    Answered on May 30, 2013
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