as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
canceling credit cards - insurance rate increase?
user
your credit score can be part of the algorithm for setting your rates for auto insurance. it is one of many factors including sex, age, zip code, driving record, type of car... there are some states that are concerned about using credit scores, some sates have passed legislation regarding this issue
assistant