Insurance companies are now looking at your credit score as part of the estimate for your insurance premium.
Maintaining a good credit rating might prevent an unnecessary hike on your car insurance premium.
In addition to potentially lower premiums, a good credit rating will often get you a better rate on instalments for your car insurance premium if you choose to use that option.
That means your insurance premium would be lower than your friend with a ‘poor’ credit rating on pay-in-full AND even more so, the pay-by-instalments option.
