Auto Leasing Guide
Go to LeaseGuide.com now !

Car Insurance and Your Credit Score Hurricane WV

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
113 Lakeview Dr
Charleston, WV
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
229 6th Ave
Charleston, WV
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Smith Jr- George P - State Farm Insurance Agent
(304) 757-7700
3962 Teays Valley Road
Hurricane, WV
 
Nationwide Insurance Company District Claims OFC - Agents- Hatfield Max- Hurri
(304) 563-9226
3353 Teays Valley Road
Hurricane, WV
 
Moore- Thomas A - State Farm Insurance Agent
(304) 757-7711
3745 Teays Valley Road
Hurricane, WV
 
Allstate Auto Insurance
(888) 355-7971
126 Brady Dr
Barboursville, WV
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Allstate Insurance Compns SLS Offcs Hrrcne HKL WLD
(304) 562-3516
2632 Main Street
Hurricane, WV
 
Henderson Insurance Inc Agency
(304) 562-9681
3275 Teays Valley Road
Hurricane, WV
 
Estep-Wendell- Rita J - State Farm Insurance Agent
(304) 562-9000
2805 Main Street
Hurricane, WV
 
Erie Insurance Group
(304) 562-0935
114 Linden Lane
Culloden, WV
 

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