Auto Leasing Guide
Go to LeaseGuide.com now !

Car Insurance and Your Credit Score Casper WY

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 - Rich Hepner
(307) 201-3802
1957 E A St.
Casper, WY
Description
Safe Drivers Save 45% or More. Call Your Local Allstate Agent Today. Quick and Easy!

Wilhelm- Larry D
(307) 265-9538
1961 E A St
Casper, WY
 
Feraud- Cheryl M - State Farm Insurance Agent
(307) 234-0455
610 East 2nd Street
Casper, WY
 
Paris- Jason G - State Farm Insurance Agent
(307) 266-6213
200 South Forest Drive
Casper, WY
 
Allstate Insurance-Hepner Agency Inc.
(307) 266-2116
2510 E 15th St Ste 11
Casper, WY
 
Allstate Auto Insurance
(888) 355-7971
1607 Cy Ave
Casper, WY
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

New York Life Insurance
(307) 232-8237
104 South Wolcott Street
Casper, WY
 
Allen and Allen Insurance Services Inc
(307) 266-5600
907 North Poplar Street
Casper, WY
 
Allstate Insurance Companies
(307) 234-0241
2510 East 15th Street Suite 11
Casper, WY
 
King- Larry A
(307) 266-6206
4100 Sweetbriar St Ste 106
Casper, WY
 

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