What Exactly Is An Insurance Score???
An Insurance score uses the credit information from your credit report to assess whether you are more or less likely, compared to other consumers, to have insurance claims in the near future that will result in losses for the insurance company.
The percentages below reflect how important each of the general categories is in determining your score:
40% previous credit performance
30% current level of indebtedness
15% length of credit history
10% new credit/pursuit of new credit
5% types of credit used