New Delhi, March 18 -- In India, where car ownership is now becoming the norm, it is helpful to know about the variables that influence car insurance premiums in order to be able to manage your finances in the best possible way.

While everyone knows about variables such as the make of the vehicle, age of the vehicle and driving history, many ask this question: How does a low credit score affect your car insurance premiums?

For this it is important to clearly understand the concept behind credit scores, how a low credit score influences your automobile insurance premiums (if at all it does) along with related issues. These points are elaborated below and should always be kept in mind:

Indian credit scores are mostly employed by lenders ...