Most people know that credit scores are important, especially when it comes to applying for credit cards and loans. But what about the other ways in which our credit history can have present and future implications for our wallets? If you have car insurance, for example, your monthly payments probably are affected by your track record as a borrower.
To see just how much drivers across the country know about the connection between car insurance and credit scores, WalletHub conducted a nationally representative online survey. We asked about matters ranging from the factors that people think do and should affect car insurance rates to their opinions of car insurance companies.
You can find the results of WalletHub’s survey in the infographic below.
Full Details Overall
|Does a person’s credit score affect the cost of his or her car insurance?|
|Does a person’s driving record affect his or her credit score?|
|Do you think people with excellent credit should pay less for car insurance than people with bad credit?|
|Do you think people with bad credit are worse drivers than people with excellent credit?|
|Are you getting your money’s worth from your car insurance?|
|Is it hard to switch car insurance companies?|
|Which are more trustworthy?|
|Credit score companies||42%|
|Car insurance companies||34%|
|Credit card companies||24%|
|Should gender affect car insurance rates?|
|Should the color of a person’s vehicle affect the cost of their car insurance?|
|Should a person’s education level affect the cost of their car insurance?|
|Should illegal immigrants be able to get a driver’s license?|