NLIC.org

Rita Said:

Do you get your credit checked for car insurance quotes?

We Answered:

Do they check your credit? You bet they do.

Does it impact my rates? You bet it does.

Why?

Credit Scoring: An insurance score uses information from your credit report to determine how stable or financially responsible you are. There is strong statistical evidence, based on years of analysis, that people with high insurance scores - that is, people with superior credit histories - file fewer or smaller claims. The opposite is also true. People with lower insurance scores as a group tend to file more or larger claims.

Just as with gender on those under 25, females having lower rates than males, it's based on hard statistical evidence and is not discrimination.