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What are credit-based insurance scores? As noted, car insurance companies often use your insurance score to quickly and easily identify the level of risk you might present as a policyholder. In ...
In most states, improving your credit can be another way to bring down insurance costs. Credit-based insurance scores differ from the scores that lenders use but are based on many of the same ...
Credit: Many insurers weigh drivers' risk of getting into an accident by looking at their credit. Only a few states (California, Hawaii, and Massachusetts) do not use credit-based insurance scores ...
An insurance score – also called an insurance credit score – is a numerical point system based on select credit report characteristics. There is no direct relationship to financial credit scores used in lending decisions, as insurance scores are not intended to measure creditworthiness, but rather to predict risk .
A credit-based insurance score is important because insurance companies use it to determine the likelihood that you will file an insurance claim, which impacts your auto insurance premium in most ...
While your credit score influences your base car insurance premiums, it doesn't affect the discount you earn through telematics programs. ... States Beginning to Regulate Popular Usage-Based Car ...
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