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Car Insurance and Your Credit Score Kingsland GA

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
542432 Us Highway 1
Callahan, FL
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
474427 E State Road 200
Fernandina Beach, FL
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Brown- Jane W - State Farm Insurance Agent
(912) 882-5454
2475 Village Drive Ste 111
Kingsland, GA
 
GEICO Insurance
(912) 673-7200
2796 Colerain Rd
Saint Marys, GA
 
FLEM J Hall Insurance Agency
(912) 882-5656
505 Osborne Street
Saint Marys, GA
 
Allstate Auto Insurance
(888) 355-7971
1890 S 14th St
Fernandina Beach, FL
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
816 Sadler Rd
Fernandina Beach, FL
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Brown Jane W Insurance
(912) 882-5454
2475 Village Drive Suite 111
Kingsland, GA
 
Barlow Insurance
(912) 882-4556
6586 Ga Highway 40 East
Saint Marys, GA
 
Lang- Kevin A - State Farm Insurance Agent
(912) 882-7144
1100 Shadowlawn Drive
Saint Marys, GA
 

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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