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How your credit score, job, and education level affect what you pay for auto insurance Car Insurance

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.

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 — because of differences in credit scores.

Read more about how your credit score affects your car insurance policy. Or call us at (281) 863-9111 for more information on Arlington, TX car insurance.

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