Phoenix, Arizona - With car-buying season hitting full gear following impressive Memorial Day Weekend sales, the personal-finance website WalletHub today released its 2016 Car Insurance & Credit Scores Report, which examines the extent to which major auto insurers use credit data in policy pricing.

You can find a handful of findings from the report below: 

  • Car insurance premiums in Arizona can fluctuate by 65% based on credit score.
  • People with no credit pay an average of 53% more for car insurance than people with excellent credit, with some states seeing fluctuations as high as 122%.
  • Farmers Insurance appears to rely on credit data the most, causing a significant cost disparity for customers across credit levels, while GEICO uses it the least.
  • GEICO uses credit data in 59% of the states in which it operates, while Progressive uses credit data in all of the states it’s allowed to.
  • Travelers is the most transparent about its use of credit data in quote generation, while State Farm is the least.

For the full report, including a state-by-state breakdown of credit data’s impact on insurance pricing, please visit: