Does Car Insurance Improve Credit?

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   David Osgood

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

   Insurance carriers to the best of my knowledge and based on my experience do not report any payment history information to credit agencies. Making your payments as scheduled will more than likely not provide for any improvement to your credit score but not paying your premiums on time (if you have not cancelled coverage with that carrier) could potentially have your account turned over to a collection agency which could affect your credit score.

   Answered on October 7, 2013

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