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Car Insurance and Your Credit Score Kalispell MT

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
1103 S Main St
Kalispell, MT
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
913 WISCONSIN AVE STE 101
Whitefish, MT
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Adam- Conrad W - State Farm Insurance Agent
(406) 755-3122
1108 South Main Street Ste 3
Kalispell, MT
 
Jan O'Brien Insurance Agcy Inc - State Farm Insurance Agent
(406) 257-7714
278 5th Avenue West North
Kalispell, MT
 
Fortis Investors Inc
(406) 752-8576
750 North Meridian Road
Kalispell, MT
 
Allstate Auto Insurance
(888) 355-7971
110 Nucleus Ave Ste F
Columbia Falls, MT
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Life Investors Insurance
(406) 752-8576
750 North Meridian Road
Kalispell, MT
 
Blue Cross Blue Shield of Montana - HMO Montana
(406) 752-6367
240 West Idaho Street
Kalispell, MT
 
Hometown Insurance Agency
(406) 755-5186
270 2nd Ave W.N.
Kalispell, MT
 
Tinseth & Associates Inc
(406) 752-8576
750 North Meridian Road
Kalispell, MT
 

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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