As you may be aware, most insurance companies take into account a long list of factors when calculating your premium rates. In addition to your age and gender, they consider: the kind of car your drive (different models require different coverage), your driving record (moving violations and accidents), your credit score. We’ve already established what they take away from some of this information. Obviously, knowing that you’re a good driver makes the insurance company confident that they won’t lose money on you. But random information, like knowing your credit score, factors in for a different reason. Namely, some studies have shown a correlation between people’s financial situation and their chances of getting into a fender bender.