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Car Insurance and Your Credit Score Grants Pass OR

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
500 SW 6th St
Grants Pass, OR
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Ashley- Debra J - State Farm Insurance Agent
(541) 474-4900
774 Rogue River Highway
Grants Pass, OR
 
Insurance Services of Southern Oregon, LLC
(651) 476-5883
831 N.E. 7th Street
Grants Pass, OR
Alternate Phone Number
541-476-3527
Services
Auto Insurance, Home Insurance, Landlord Insurance, Boat Insurance, Motor Home Insurance, http://www.insurancesso.com

Allstate Auto Insurance
(888) 355-7971
2637 SE 136th Ave
Portland, OR
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Allstate Auto Insurance
(888) 355-7971
8285 SW Nimbus Ave Ste 145
Beaverton, OR
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Bill Thorp Ins Agency Inc - State Farm Insurance Agent
(541) 479-3339
323 Northeast 7th Street
Grants Pass, OR
 
Allstate Insurance Companies
(541) 855-0500
352 2nd Avenue
Gold Hill, OR
 
Allstate Auto Insurance
(888) 355-7971
124 Ellsworth St SW
Albany, OR
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Allstate Auto Insurance
(888) 355-7971
3463 River Rd N
Keizer, OR
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Allstate Auto Insurance
(888) 355-7971
1095 NE 25th Ave
Hillsboro, OR
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

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 ...

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