Memorial Day typically kicks off the summer car buying season and so far sales are off to a great start.

We all know that you can't get a new car without checking new car insurance rates for your purchase. WalletHub has just released the 2016 Car Insurance & Credit Scores Report, which highlights how major insurance companies use credit scores in pricing their policies for customers.

For instance, in Wyoming insurance premiums can fluctuate up to 56% depending on your credit score. If you have no credit, you can pay up to 53% more in premiums than people with great credit.

There seems to be no true standard for determining rates for insurance companies either, as the use of credit score information differs from one company to another.