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Scores higher than 775 are considered good. Insurance score chart. Score range. Rating. 776 – 977. Good. 626 – 775. Average. ... Is my home insurance score the same as my auto insurance score?
Auto and home insurance companies use your credit report to calculate an insurance score that, along with information including your claims history, decides how much you'll pay for coverage. These ...
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 .
Bankrate investigates how home insurance is calculated, and more. ... your credit-based insurance score (in most states) and claims history are factors insurers may use to determine costs. Home ...
The most well-known insurance specific rating company, the scores provided by AM Best are often considered the yardstick for financial strength in the industry. The highest rating offered is A++ ...
By Stacey L. Bradford, Associate Editor, SmartMoney.com INSURANCE IS many things, but straightforward isn't exactly one of them. A person's age, claim history and credit score are just some of the ...
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