1. 0 POINTS
    dmrozek
    Ann Arbor, MI
    This is really dependent upon the company through which you're insured.  Not all companies use the same scale when it comes to insurance scored.  There are many different ways to use financial data to compile an insurance score, and each company gets to choose how it's calculated.  The funny thing is that they probably can't tell you how it's calculated because they probably don't know.  They'll pay an outside vendor whose business is to compile this data into a score, and there are many different models by which they do this.

    I've seen scores as high as 900 and as low as 400.  However, this doesn't really mean anything until you can determine what your score means to your premium.  Every company applies credits to a different degree.  For some, 600 may be a big discount.  For others, 600 is considered rather low.  it all depends on your company and how they apply credits.  In general, your insurance score will follow your credit score, the higher , the better.

    To find out how that applies to you, talk to an agent you can trust and they'll explain how it works for your company.
    Answered on November 19, 2013
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