Question

Insurance without a credit history

I'm an 18-year-driver without an established credit history. Will this affect my ability to get insurance?

May 19, 2018 Austin, TX

Answer
Ava Lynch

May 19, 2018

Considering your age, your best bet for finding a company without a credit score is to speak directly with an agent or customer service rep. Like your driving record, your credit score can tell an insurance company a lot about you - including what kind of car insurance client you will be to them. Historical data shows insurance companies that drivers with a lower credit score tend to not only file more claims than drivers with high scores, but file more expensive claims. So, in their eyes, clients with a lower credit score tend to be riskier customers. However, there is a difference between a low credit score and a lack of established credit history. My best recommendation would be to speak directly with an agent or customer service representative and, as with any credit score, compare with as many companies as possible. Do that here with us.

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