Auto Leasing Guide
Go to LeaseGuide.com now !

Car Insurance and Your Credit Score Bullhead City AZ

Your credit score is used by car insurance companies to determine what you pay. It's important to know your score before you shop for insurance. It's easily possible that someone who has never had an accident and never filed a claim could pay up to three times as much for insurance as another similar customer with an identical vehicle โ€” because of differences in credit scores.

Allstate Auto Insurance
(888) 355-7971
1848 Highway 95
Bullhead City, AZ
Description
Safe Drivers Save up to 20% on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Farmers Insurance Group
(928) 758-3214
3640 Highway 95
Bullhead City, AZ
 
American Family Insurance
(928) 763-7677
1979 Highway 95
Bullhead City, AZ
 
Allstate Insurance Companies - Bullhead City- Independent Agent- Claims Office- Pho
(928) 763-3999
3651 Highway 95
Bullhead City, AZ
 
American Family Insurance
(928) 704-2576
4825 Highway 95
Fort Mohave, AZ
 
Farmers Insurance Group of Companies
(928) 763-7400
2580 Highway 95 Suite 110
Bullhead City, AZ
 
Fulco- Mavis A - State Farm Insurance Agent
(928) 763-1003
3880 Frontage Road Ste 10
Bullhead City, AZ
 
Farmers Insurance Group - Janet Jernigan
(928) 788-3335
1285 Hancock Road Suite C
Bullhead City, AZ
 
Wickersham-Aston Insurance Agency
(928) 763-8700
3712 Highway 95
Bullhead City, AZ
 
Allstate Insurance Companies
(928) 768-4700
8764 Desoto Drive
Mohave Valley, AZ
 

Car Insurance and Your Credit Score

Many car insurance companies now use your credit score to determine what you pay. Why? Because they say studies show that customers with poor credit histories are more likely to be in accidents and file claims. They claim that customers with bad scores are higher risks and it's only fair that those customers pay more for their policies.

Insurance regulations in many states now allow this practice, although regulatory administrators admit they don't understand the connection between credit scores and car accident claims.

It's easily possible that someone who has never had an accident and never filed a claim could pay up to three times as much for insurance as another similar customer with an identical vehicle โ€” because of differences in credit scores.

How does it work?
Insurance companies use a secret formula to calculate a customer's "insurance score" that is not quite the same as the more familiar FICO score from credit reporting agencies such as , Transunion, and Experian. Although the score itself may be different, the end result will nearly always be the same. If a customer has a poor FICO score, he'll almost certainly have a poor insurance score.

Companies such as Allstate charge poor-credit customers as much as three times the rate for customers with excellent credit. In fact, credit history is becoming one of the major factors, if not the major factor, in determining insurance rates.

Insurance companies want ...

Click here to read the rest of this article from Lease Guide