Question
If you never borrow money......?
and you have no credit score. Do you still have to pay more for car insurance? Judy, Playing the credit card game is borrowing money and going into debt. What does going into debt have to do with driving a car? You can get a mortgage without a fico socre. It's called manual underwriting. Where they actually underwrite a loan.
1 month ago - 5 answers
Best Answer
Chosen by Asker
Not all insurance companies use your credit score. However, if yours is one that does, not having a credit score will mean higher rates.
Source(s)
20+ years practicing law including bankruptcy
by evilattorney
1 month ago
Asker's Rating: 
Other Answers
You may Since there is no record of how you pay anything, they may up your rate.
by My Take on It- 1 month ago
If you want to establish credit to get better jobs and cheaper car insurance there is an easy way. Get a credit card - but charge only something you need each month. When you get the bill, pay in full. This way you never pay a penny interest or any fees of any kind. One or two cards alone used this way can get you top scores. No need to make loans and pay interest for top credit ratings. And no, I don't think you'll pay more for car insurance, but someday you might want a nicer apartment or even a house. Without credit - you'll have to buy the house for cash. /
by Judy- 1 month ago
It depends on the insurance company. Some companies want you to have a good credit some don't also is you put like 30% down i don't think is going to increase
by nephilly83- 1 month ago
Yes sir. A better credit score unfortunately means cheaper insurance. One thing has nothing to do with another but since when everything makes sense in todays world.
by Apollo- 1 month ago