Car insurance credit history.
Some auto insurance companies classify people with no credit or insufficient credit history as a high risk taker. This is because they do know or have no sufficient knowledge about them that’s why they are classified as such. This may result in paying higher premium. I have seen many vehicle insurance companies that have other criteria to evaluate people with no credit history. It all depends on car insurance companies but having insufficient credit report or credit history is not the only factor to be considered. It will be wise to contact your car insurance company to know more if having no credit reports affects your car insurance premium or not.
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