MarketWatch Guides Team has meticulously researched to create a reliable ranking system for car insurance companies, emphasizing the significant impact of credit scores on insurance rates. With 800 hours of research and data from dozens of providers, they've shown that a poor credit score can significantly increase car insurance costs. For instance, drivers with poor credit pay 91% more than those with excellent credit. Other factors like driving records, age, and location also play crucial roles in determining rates. The team also explores how states vary in their use of credit scores for insurance and offers strategies for securing affordable rates despite a low credit score.
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