How credit history impacts car insurance rates: a comprehensive guide

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Maintaining good credit can help you save money on car insurance.

When you lease a car or apply for an auto loan, you know your credit score plays a role in what interest rate you’ll pay. However, did you know your credit can also be factored into your car insurance rate?

While insurance companies don’t use credit as a determining factor in the exact same way lenders do, having poor credit can end up increasing your insurance payments. Likewise, a good credit history can lower…

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