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Car Insurance and Your Credit Score Prineville 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
1480 NE 3rd St
Prineville, OR
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Moon- William K - State Farm Insurance Agent
(541) 447-5524
778 Northwest 3rd Street
Prineville, OR
 
Hammack- Gilbert M
(541) 548-4021
917 SW Highland Ave
Redmond, OR
 
Allstate Insurance-Melissa Clark
(541) 548-4316
1604 S Highway 97 Ste 5
Redmond, OR
 
Allstate Auto Insurance
(888) 355-7971
8101 SW Nyberg St
Tualatin, 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
1604 S Highway 97
Redmond, OR
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

American Family Insurance
(541) 447-1133
346 Northwest Deer Street
Prineville, OR
 
Joe A Lochner Ins Acy Inc - State Farm Insurance Agent
(541) 548-6023
123 South 5th
Redmond, OR
 
InsurePacific.com
(541) 447-6372
297 NW 3rd St
Prineville, OR
 
Allstate Auto Insurance
(888) 355-7971
2411 SW 5th Ave
Portland, 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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