What is an insurance score?

A. An insurance score is a combination of your credit score and insurance history that gives insurance companies a way to determine your financial responsibility history. While this helps companies determine such factors as rates and discounts it is not the sole factor in de terming your premium. For more information click on insurance scores to see a brochure. ... more

An insurance score is a number which reflects someone's insurance risk. The higher the insurance score, the lower the risk, and people who are low risk generally have an easier time getting insurance. High scores also mean that insurance will be cheaper, because the insurance company is gambling that someone with a high insurance score may never make a claim, which means that the insurance company will not need to pay out on the policy. ... more

An Insurance Score is a number that helps an insurance company determine one’s likelihood to file a claim based on a snapshot of their credit information. This score is used in conjunction with other information such as motor vehicle records and loss reports to determine eligibility and policy pricing. Since scores are dynamic and change over time, insurers typically update such scores on a regular schedule. ... more