☰ ˟
Zambetti Insurance
Get More Information 216-643-2969
  • Home
  • Get A Quote
    • Automobile
    • Homeowners
    • LifeImage of right arrow
      • Term Life
      • Whole Life
    • Motorcycle
  • Blog
  • Make a Payment
  • Resources
    • Refer a Friend
    • Join Our Team
    • Calculators
    • Insurance Glossary
  • About Us
    • Location Map
    • Testimonials
    • Photo Gallery
    • Privacy Policy
  • Contact Us

Logo
Insurance to meet all of your needs
Homeowner Life Automobile Business Motorcycle Classic Auto Marine RV & Camper Umbrella Flood
Home > Blog > Pro Tip - Credit Scores and Auto Insurance Rates.
WEDNESDAY, MAY 11, 2022

Pro Tip - Credit Scores and Auto Insurance Rates.

Your Credit Score directly affects your Auto Insurance Rates.
Insurance companies use credit-based insurance scores along with your driving history, claims history and other factors to establish eligibility for payment plans and to help determine insurance rates.
Decades of data shows that credit-based insurance scores can accurately predict accident potential. Statistical analysis of that data identifies that those with a low insurance score are more likely to file a claim. Those with higher scores tend to get into fewer accidents and cost insurance companies less than their lower-scoring counterparts.
The Federal Trade Commission undertook an independent study to understand the relationship between credit history and risk. Their study, like others before, found that credit-based insurance scores are effective predictors of risk.
Posted 1:02 PM

Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021


View Mobile Version

Connect with us

Social
Zambetti Insurance, LLC BBB Business Review logo

Check us out

6100 Oak Tree Blvd, Suite 200
Independence, OH 44131

Phone: 216-643-2969
Fax: 216-643-2973
Email: ronald.zambetti@zinsureit.com

Fill out the form below to get started with an insurance quote

© Copyright. All rights reserved.
Powered by Insurance Website Builder