"Why is my quote so high?" If I had a dime for every time I heard that ... Your auto insurance score is quite similar to a credit score. It is calculated by analyzing your credit file. Auto insurance scores can vary by credit reporting bureau, and factors heavily in determining your auto insurance rate.
Usually there is a direct correlation between people with good credit scores and good auto insurance scores. Just as a low credit score indicates a risk to creditors, a low auto insurance score pretty much says you're more likely to file an insurance claim, resulting in losses for an insurance company.
Credit Karma provides both scores (auto insurance and credit) directly from TransUnion, one of the three major credit reporting agencies. Like the other scores available through Credit Karma, the auto insurance score is completely free to members.
No comments:
Post a Comment