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Is there a study available showing consumers with less than perfect or good credit have more accidents than those with very good or perfect credit?

Yes, in 2007 the FTC issued a report saying that consumer credit scores can predict the likelihood that a person will have an auto insurance claim.

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If you have good credit, this works out well for you (if you live in a state that allows credit scores to be used as a factor in pricing car insurance). Insurers will point out that if they didn’t use credit scores to price “risk,” those with good credit would pay more and end up subsidizing those with bad credit who supposedly crash more.

Here’s more background from the NAIC.

Last updated: May. 30, 2013 Redesign Survey