What's Your Auto Insurance Score?

As if there weren't enough scores and reports to worry about, now you must think about your insurance score and how that affects your savings on auto insurance. An insurance score is basically a number based on statistical research.

The higher the insurance score, the better for the consumer when it comes to getting cheaper auto insurance rates. Your insurance score ranges from 200 to 997. Generally a good insurance score that will get you the best auto insurance rates would be above 776. A poor insurance score is anything from 200 to 500.

Your insurance score is comprised of information from two main sources, a claims history database and credit report bureau. Information on your insurance score calculates how likely you will be to file a claim. Research shows that higher credit report scorers tend to file fewer auto insurance claims. The property claims database actually keeps track of any insurance claims you have filed. The Comprehensive Loss Underwriting Exchange, also known as CLUE, and the Automated Property Loss Underwriting System or A-PLUS) contain claim information that can be used in assessing your insurance score.

Like any report, your insurance score could have errors. You can get a copy of your insurance score report from choicetrust.com. Also, be sure that your credit report is free of errors that could negatively affect your FICO score and insurance score.