Confused by insurance score vs credit score? We hear insurance score vs credit score thrown around quite a bit in regards to insurance premiums. It’s important to understand two main points from the beginning:
1) In New York State, insurance carriers are allowed to use information from your credit report to determine premiums.
2) Insurance score is a completely separate number from credit score .These two terms CANNOT be used interchangeably.
In essence, insurance score is a derivative of your credit report. Additionally, your insurance score is going to be different with each insurance carrier.
Watch this short video below for a full understanding of insurance score vs credit score:
This video is part of an ongoing series dedicated to helping consumers get answers to their insurance questions. If you’d like to follow along on YouTube, connect below:
If you have questions about your insurance program or if you would like to receive a proposal for auto insurance or home insurance, please give us a call at 518-777-7777 or email us at email@example.com. You can also click here to contact us through our website.
We’re here to help you find peace of mind.
Thank you and good luck,
Ryan Hanley, CIC