Your driving record is not the only important factor in how much your insurance company will charge you for coverage. They will also look at your level of education, where you live, and how far you commute to your job each day. Additionally, the insurance company will pull up your credit score, and use that score to help determine your premiums.
Insurance, even car insurance, is a financial institution. Your credit score is considered to be an indicator of your financial responsibility, and the higher the score, the lower your insurance rates are likely to be. The reasoning for this is that your credit score is a representative of how dependable you are in financial situations, including such things as paying your premiums on time, maintaining the required coverage, and taking care of your vehicle. This may seem like a lot of data to infer from your credit score, but insurance company studies have confirmed a relationship between how dependable a person will be and how high their credit score is.
Credit is an important factor in insurance, but it is not the only consideration. If you have a low credit score, you can still lower your premiums by seeking other insurance discounts, such as being a safe driver, or holding a college degree. If you feel your premiums are too high, talk with your insurance company about any discounts you may be eligible for, or go online and compare prices from a number of different companies to find one that is more suitable for your needs.