Your personal credit score can have a huge impact on how much you pay for car insurance.  According to the 2016 Car Insurance and Credit Scores Report by WalletHub, people with no credit pay an average of 53% more for car insurance than those with excellent credit scores – and fluctuations reach 122% in some states.

The study used quotes from five major insurance providers to measure which providers rely on credit scores the most.  The largest disparity among one company was 95%; the lowest was 17%.

Although personal credit scores have long been used to determine loan amounts and interest rates on everything from personal lines of credit to home mortgages, insurance companies didn’t begin using credit scores until the mid 1990s.