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Car Insurance and Your Credit Score Rock Springs WY

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 Insurance - Amber Kramer
(307) 362-8090
1471 Dewar Drive Suite 115
Rock Springs, WY
 
Tabuchi- D Randy - State Farm Insurance Agent
(307) 362-1933
100 Village Circle
Rock Springs, WY
 
Dick Boettcher Ins Agcy Inc - State Farm Insurance Agent
(307) 382-6211
2820 Foothill Boulevard
Rock Springs, WY
 
Memorial Hospital of Sweetwater County - Billing Inquiries- Blue Cross Blue Sh
(307) 352-8408
1200 College Drive
Rock Springs, WY
 
Allstate Auto Insurance
(888) 355-7971
201 W Lakeway Rd
Gillette, WY
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

State Farm Insurance
(307) 382-4369
79 Winston Drive
Rock Springs, WY
 
Farmers Insurance Group - Dan Norris Agency
(307) 789-7225
2001 Dewar Drive Suite 180
Rock Springs, WY
 
Allstate Insurance Companies - Sales Offices
(307) 362-9051
1695 Sunset Drive Suite 106
Rock Springs, WY
 
Brad Cutler Insur Agency Inc - State Farm Insurance Agent
(307) 875-2350
341 Uinta Drive
Green River, WY
 
Allstate Auto Insurance
(888) 355-7971
106 N 3rd St E
Riverton, WY
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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