Credit History

Insurance companies use many factors to underwrite an insurance policy. In addition to factors like age, marital status, driving record and type of vehicle, many auto insurance companies, including the companies we represent, use credit information to evaluate a consumer's financial responsibility. many independent studies have found a strong correlation between financial responsibility and auto insurance losses. The credit information that we review focuses primairly on an individual's management of their financial affairs, not credit-worthiness. Using credit information allows us to assess risk more accurately. We will not see your actual credit report during the underwriting process. The information will be ordered through an automated system and interpreted by our quoting system in the form of an insurance credit "score." The score will then be used in our underwriting process. When we use credit information as an underwriting tool, we are only concerned with the risk grouping into which a consumer falls, which will ultimately influence the consumer's rate. Insurance credit scoring is one of many factors that insurers use to rate your policy. An insurance score doesn not take into account income, race, gender, religion, marital status, national origin or geographical location.