Your insurance score is based on your credit report. How many credit cards do you have? Are you a prompt payer? FICO is the best-known credit rating company. It takes this information and translates these into scores ranging from 300-850. Your insurance claims history, age, construction of your house and its safety implements are also included in your insurance score.
Image via WikipediaThe best way to raise your score would be to raise your credit. Get copies of your credit report and check to make sure they’re accurate. If they’re accurate, raise your score by brining down credit card debt and paying on time.
No comments:
Post a Comment