Final answer:
Car insurance prices are affected by a person's credit score.
Step-by-step explanation:
Car insurance prices are indeed affected by a person's credit score. Insurers use credit-based insurance scores, which are derived from a person's credit history, to assess the risk of insuring them. Studies have shown a correlation between credit scores and the likelihood of filing an insurance claim, which is why insurance companies take credit scores into account when determining premiums.
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