Can paying monthly car insurance payments help establish good credit?

Question

Can paying monthly car insurance payments help establish good credit?

Answer 1

yeah. . .thats possible i think. . .

Answer 2

Sorry, no.  Your credit report doesn't have a section for your automobile insurance.  If, however, you don't pay it, it's canceled, and there is a court case against you, that negative information can show up, especially if you've had an accident and had to pay out, or your license winds up suspended.

Answer 3

No, it doesn't....and if you don't pay, it doesn't show on your credit score, it just cancels your policy.

Answer 4

Absolutely.

Answer 5

no but if your later it will affect your credit

Answer 6

I would think so, as long as all the payments are made on time.