Transcription of What is Insurance Scoring?
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What is Insurance Scoring?
Insurance scoring is one of many factors used to evaluate risks and assign rates. It isbased upon years of experience nationwide that demonstrate that there is a direct statis-tical relationship between how you manage your finances and your auto Insurance score is based on information contained in consumer credit reports. The score isthen used with motor vehicle records, loss reports and application information to deter-mine your Insurance risk at a particular point in is Insurance Scoring? How much do you knowabout your credit history?Credit information is used in virtually every aspect of Ameri-can financial life. Consumer credit is considered when ap-plying for loans to buy homes and automobiles. Creditchecks are required to get utility service, telephones andcable television. Few landlords will rent apartments orhouses without ordering a credit report.
Insurance scoring is one of many factors used to evaluate risks and assign rates. It is based upon years of experience nationwide that demonstrate that there is a direct statis-
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