How Worsening Credit Could Increase Your Car Costs (Infographic)

In our Nevada credit-rating study, we looked at how having a worsening financial track record could significantly increase the cost to insure a car in Nevada. In the infographic below, we go through how worsening credit could affect the overall cost of owning and maintaining a car. According to the data we collected, going from having the best possible credit history to one that's average or neutral could end up costing you an extra $920 a year in car costs — $492 of that comes from having a higher interest rate on your loan, and the other $428 comes from a spike in insurance premiums due to a worsening credit history.

Check out the infographic to learn more about your odds of paying more after a credit downgrade, and click here to read the full study on how much credit standing can affect Nevada auto insurance prices.

Nevada credit-based insurance score infographic

Want to share this image?

To share a link to this page, copy the link below:

To include this image on your website, click the embed code button below that best suits your needs in order to generate HTML that you can easily include in the code of your website.