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Car Insurance and Your Credit Score White Hall AR

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
305 E 6th Ave
Pine Bluff, AR
Description
Safe Drivers Save up to 20% on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Hale- Virgil D
(870) 534-5381
2621 S Fir St
Pine Bluff, AR
 
Sanders- Archie L - State Farm Insurance Agent
(870) 535-5575
1208 South Blake Street
Pine Bluff, AR
 
Tucker- Judy C - State Farm Insurance Agent
(870) 535-2233
3007 South Hazel Street Ste 1
Pine Bluff, AR
 
Harris- Donald R - State Farm Insurance Agent
(870) 535-4880
516 South Cherry Street
Pine Bluff, AR
 
Allstate Auto Insurance
(888) 355-7971
107 S Oak St
Sheridan, AR
Description
Safe Drivers Save up to 20% on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Allstate Insurance - Kellie Harris
(870) 534-4055
2007 W 28th Ave Suite #3
Pine Bluff, AR
 
Smithey- Robert F - State Farm Insurance Agent
(870) 534-5012
2900 South Olive Street
Pine Bluff, AR
 
Tim Walley Ins Agcy Inc - State Farm Insurance Agent
(870) 879-9444
3800 Camden Road Ste 4
Pine Bluff, AR
 
Ronnie G. Terrell Agency
(870) 535-1749
2221 S Olive St
Pine Bluff, AR
 

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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