You probably know your driving record affects what you pay for car insurance. That makes perfect sense. However, there are other factors at play that are not so obvious.

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1. Your credit can cost you even with a clean record

In most states, insurers can use your credit history to help set your premium with a credit-based insurance score. This score is calculated from parts of your credit record and is designed to predict insurance losses.

The effect varies by insurer and state, but among the rating factors…

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