MONDAY, JUNE 16, 2014
Many insurance companies use credit scoring as a factor in their underwriting process for auto and home insurance in Texas. The insurance credit score is the result of a calculation involving portions of your credit history.
In simplified terms, insurance credit scoring accounts for the tendency of groups of people to be prone to risk, or making claims (similar to how the age of youthful drivers is an indicator of risk for more accidents, and therefore more claims).
The Texas Department of Insurance has posted information about insurance credit scoring and consumer rights and protections. Here is the link, Insurance Credit Scoring.
As an independent insurance agent, Northside Insurance Agency represents both credit scored and non-credit scored programs for home insurance and auto insurance. We can search among dozens of programs to find the best price to fit your individual needs. Call us today at (817) 626-3100 for more information or to obtain a free, no cost, no obligation quote. It only takes a few minutes, and we will do our best to find you the best price with an insurance company you can count on.
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