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Follow on Google News | Do Auto Insurance Companies Do A Credit Check?Nevada Insurance Enrollment Explains How Your Credit Score Affects The Premium
How Auto Insurance Companies Rate You Each auto insurance company will use their own factors to determine rate. The reason a "credit based scoring system" is used is because the auto insurance companies understand risk better than most. To them, individuals that are more established, live their life responsibly and without risky behaviors and have years of good credit history, usually will have a lower overall "claims" risk. The people who have been responsible and paying their bills on time and have higher credit scores tend to have few were insurance claims, and carry more insurance coverage, more so than those that don't have these factors. Most auto insurance companies in NV do use some form of credit based scoring to determine rate, along with many other factors. There are a few insurance companies that do not. Some states do not allow this check. Others do. Nevada does. This credit based scoring does play a factor with your auto insurance rate that is determined in "underwriting" Read the full article: https://www.nevadainsuranceenrollment.com/ Learn more: https://www.nevadainsuranceenrollment.com/ Nevada Insurance Enrollment 4260 W. Craig Road suite #150-A North Las Vegas, NV 89032 (702) 898-0554 Website: NevadaInsuranceEnrollment.com End
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