Topic: What Is an Insurance Score
Answers to Common Questions
What Comprises an Insurance Score?
Insurance companies consider an applicant's insurance score as a factor in determining eligibility for insurance and the cost to the customer. The insurance score is a statistical indicator of the risk or likelihood that the applicant will ... Read More »
Source: http://www.ehow.com/info_12005513_comprises-insurance-score.html
What's in an Insurance Credit Score?
An insurance credit score is slightly different from a FICO score. Insurance companies generate their own scores by calculating a combination of up to four factors. Each insurance company requests its own combination of factors and approach... Read More »
Source: http://www.ehow.com/how_5251903_credit-affects-car-insurance-paym...
What Is A Credit Based Insurance Score
A person's credit score helps determine whether a bank, credit card company or other lender will offer credit or a loan to a potential client. The higher a credit score, the better; a credit score may even affect employment, as many compani... Read More »
Source: http://www.ask.com/Q/what-is-a-credit-based-insurance-score
Featured Content: What Is an Insurance Score
An insurance score - also called an insurance credit score - is a numerical point system based on select credit report characteristics. There is no direct ... More »
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Answers to Other Common Questions
Determining what is a good insurance rating score is difficult because each insurance company uses different factors to predict the chance that an applicant will file a claim during the policy period. FICO, also known as personal credit sco... Read More »
Source: http://www.ehow.com/facts_6897334_good-insurance-rate-scores_.htm...
When shopping for insurance, the rates that insurance companies charge you can be drastically impacted by your credit history. Your insurance score is a numerical representation of your credit history that is calculated by insurance compani... Read More »
Source: http://www.ehow.com/info_8190938_up-insurance-score.html
If you're shopping for auto or homeowner's insurance, insurers may look at your credit score to predict what type of customer you will be. There are different credit scores with various ranges, and insurers have their own methods for tallyi... Read More »
Source: http://www.ehow.com/facts_7192924_do-companies-use-credit-scores_...
An insurance company uses an insurance score to set a premium price for each client. The insurance company uses the credit score that it gets from a credit reporting agency to assess the client, but it includes other factors that are specif... Read More »
Source: http://www.ehow.com/about_7496533_insurance-rate-score-864-mean.h...
Insurance companies use insurance scores to determine how much coverage the insurer will offer you, as well as the terms and rates of that coverage. Insurance companies base their insurance scores on your credit score and credit history; if... Read More »
Source: http://www.ehow.com/how_6058875_can-improve-insurance-score_.html...
Many insurance companies check a credit report when a new customer applies for a policy. A Supreme Court ruling in 2007 upheld insurance companies' rights to use credit scores to determine auto policy rates. Read More »
Source: http://www.ehow.com/facts_5791050_credit-scoring-important-auto-i...
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