Answer :
Final answer:
Car insurance rates can be affected by your credit rating.
Explanation:
False
When it comes to car insurance, your credit rating can indeed impact how much you pay for insurance. Insurance companies often consider credit scores as part of their risk assessment process, with lower credit scores potentially leading to higher insurance premiums due to the perceived risk.
For example, individuals with poor credit may be charged higher insurance rates compared to those with good credit, even if other factors such as driving history are similar.
Learn more about Car insurance and credit here:
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