Bill Quickel's - Insurance Plus Agencies Inc. Blog |
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You need auto insurance. You turn to a car insurance provider for a quote. The insurer pulls a credit report to determine if they should offer a policy to you. How will this change what you pay for your coverage?
The insurer is looking at risk indicators. Each insurer sets indicators of risk based on factors like your credit report. This information determines if they give you a policy. It can also impact how much you pay. Most people do not think about risk when obtaining a policy like this. However, it could impact the exact benefits offered by your coverage. What Is a Risk Indicator? Insurance companies need to determine if a person is likely to file claims or be in accidents. Each auto insurance company establishes a risk indicator to do this. This is a type of code. It allows the company to determine how risky a policyholder is to them. If they are more risky, the insurer may charge more to cover these losses.
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This is our very first post. We're not quite sure what we're going to write about here, but the plan is to create helpful content for customers and prospective clients about information that is relevant to you. We hope you'll come to view this as a top resource for keeping your family and your finances safe. Here are a few of the topics we may be writing about:
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