1. 47 POINTS
    Kevin Haney
    A.S.K. Benefit Solutions, New Jersey
    The health of your credit score may impact the premium rates you pay for car insurance, but having automotive coverage does not directly affect your credit. 

    Many auto companies use credit scores to determine how to price your policy. While they may look at data contributed by banks and other lenders, these insurance companies do not report any data themselves to credit bureaus.

    However if you have an accident while uninsured, the consequences may impact your ability to repay any outstanding loans. Being late on these loans would certainly affect your credit.
    Answered on May 26, 2014
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