Is there a connection between credit scores and auto insurance? According to WalletHub’s research, there is.
In its 2017 Auto Insurance & Credit Score Report, WalletHub compared the cost of policies in all 50 states and the District of Columbia from five of the largest auto insurance companies in the U.S. for a pair of hypothetical applicants who are identical save for their credit standing: One has excellent credit, and the other has no credit. WalletHub also examined how transparent the major car insurance companies are regarding their use of credit data and where they get it.
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