Does Car Insurance Boost Credit?

  1. 16470 POINTS
    David Osgood
    Agent, Rural Mutual Insurance Co., Union Grove, WI
    Based on my education and experience in the industry so far, insurance carriers do not currently report any financial information to the credit agencies. So, the short answer is no. Having auto insurance will not boost your credit. It will however help protect you from the financial pitfalls that could be created by not having auto insurance.
    Answered on October 31, 2013
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