Credit behaviors are considered valuable predictors for determining insurance rates. Insurers may use insurance scores along with other information to issue policies and decide appropriate rates for its policyholders. It is important that you and your insurance agent understand how your insurance score is determined, and how that information may be applied to your insurance rating.
An insurance score is a number that represents your credit behavior. It is calculated by applying a mathematical formula to the data from your credit report. Your Insurance Scores simply represent a snapshot of your credit report on the day it was calculated. Factors such as income, race and gender are not measured in the scoring process.
Since many states have different insurance standards, your Insurance Scores were calculated to match any benchmarks that California may use. This is the state you most recently added to yourTrueCredit mailing address information.
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