LAS VEGAS - nvtip -- Auto insurance companies use advanced algorithms that take into account numerous factors when determining your monthly auto insurance premium. Some things that factor into the calculation make sense, like your driving record, claims history, marital status,  age, and make/model of your vehicle. Other things, like whether you rent or own your home and your education level, aren't at all related to your driving habits, and it may seem strange that they should affect your monthly rate.

One seemingly unrelated factor that can affect your premium is your credit history. Generally speaking, a driver with an excellent credit score will pay anywhere from $68 to $526 less than someone who has a good credit score, even if their driving and claim history is identical.

More on nvtip.com

• Emanuel Rose Releases One Man, One Dog: Upland Bird Hunting with a Flushing Dog
• Multi-Signature Cold Storage: Keyanb Introduces Institutional-Grade Asset Protection for Chilean Crypto Traders
• NKSCX Introduces Zero-Knowledge Proof of Solvency for U.S. Traders Amid $6.5 Billion Fraud Crisis
• New Oasis International Foundation Announces Strategic Partnership Network Across 15 Countries to Advance Community-Led Economic Development
• A Gift for You: Music, Story, and Hope for America: Free Download of The Human Renaissance Album

What Impacts My Credit-Based Auto Insurance Score?
Your FICO credit score is based on roughly 130 factors. However, there are only about 30 factors that your auto insurance company uses to build a proprietary score that they use when calculating your riskiness. While there are factors that cannot be used to come up with this score, like your age and your occupation, the process is otherwise shrouded in mystery.

Improving Your Credit-Based Auto Insurance Score
A big one is to always keep coverage. Don't allow any breaks in your auto insurance coverage. Try to keep your car covered for more than the absolute least amount allowed by law. If you insure yourself for more than what the state makes you carry, your rating will be more favorable to you. The score your auto insurance builds and uses is different from your FICO score, so you can't necessarily use that to guess how your credit is impacting your premium. However, just as you can improve your FICO score over time, you can also take steps to improve your credit-based auto insurance score. Focus on keeping the balance on your credit cards at around 10 percent of the credit limit, pay your bills on time, take care of any outstanding debt or judgements that you have, and report any errors on your report.

More on nvtip.com

• New You Smile Dental Implant Center Expands Office
• $8 Billion High-Margin National Gentlemen's Club Market Targeted by Acquisition Strategy Incorporating the Successful Peppermint Hippo™ Brand: $TRWD
• Why Indian Game Development Companies Are Shaping the Future of Global Gaming
• Cold Storage and Proof-of-Reserves: BTXSGG Launches Institutional-Grade Asset Protection for Filipino Traders
• Redesigning the Digital World Around People, Not Algorithms: Netverse Verified, App-less Technologies, Platform and Hardware is Coming From Phinge

Read the full article: https://www.nevadainsuranceenrollment.com/why-did-my-auto-insurance-company-check-my-credit/

Learn more: https://www.nevadainsuranceenrollment.com/auto-insurance-las-vegas-nevada/

Nevada Insurance Enrollment
4260 W. Craig Road suite #150-A
North Las Vegas, NV 89032
(702) 898-0554
Website: NevadaInsuranceEnrollment.com