15 Fascinating Things You Need to Know About Your Insurance

Credit scores are used to determine insurance rates

You might be surprised, though, to learn your credit score plays a role in insurance rates. Only 41 percent of those surveyed by The Zebra knew that.

While a few states, such as Massachusetts and California, have banned their use, credit-based insurance scores are staples in the property and casualty insurance industry. That means how well you pay your bills could affect both your auto and homeowner premiums.

What does your credit card debt have to do with your ability to drive a car? Some consumer advocacy groups say there is no connection, but insurers say there is evidence to show that those with good credit have fewer claims and deserve lower rates.