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Car Insurance and Your Credit Score Radcliff KY

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
663 N Dixie Blvd Ste A
Radcliff, KY
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
428 W Dixie Ave
Elizabethtown, KY
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

The Insurance Store
(270) 352-2210
623 N Wilson Rd
Radcliff, KY
 
Auto Insurance Connection
(270) 765-6097
326 North Mulberry Street
Elizabethtown, KY
 
Miller- Kelley A - State Farm Insurance Agent
(270) 234-8200
417 North Mulberry Street
Elizabethtown, KY
 
Allstate Auto Insurance
(888) 355-7971
618 Westport RD
Radcliff, KY
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Heighter- Walter R
(270) 352-0510
1076 S Dixie Blvd
Radcliff, KY
 
Voglund- David V
(270) 351-5549
1460C N Dixie Blvd
Radcliff, KY
 
Skeeters- Richard P
(270) 735-1641
4000 N Dixie Hwy
Elizabethtown, KY
 
R & R INSURANCE AGENCY- LLC
(270) 234-0757
1512 North Dixie Ave.
Elizabethtown, KY
 

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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