Insurance Score

posted Jun 30, 2011, 9:36 AM by jon curtis
Most insurance companies now use an insurance scoring system to adjust the premium you are charged.  Insurance score is not identical to credit scoring but insurance scoring does incorporate credit score information along with data on your past history of claims.

Generally, in order to get an accurate insurance score we need your social security number, date of birth and your residence address(es) for the last 2 years.

Two important things to know about insurance scoring: 1.  If you do not allow us to score you the insurance company will assume the worst and will charge you as if your insurance score was bad.  So it is in your interest to run the score and see if it will lower the amount you pay.  2.  When the insurance score fetches your credit information it counts only as a "soft hit" and does not effect your credit score.  Unlike loan requests, which can negatively impact your credit score, insurance company requests for credit information do not negatively impact your credit score.

So step up and be scored for a chance to lower your payments.