Insurance Score vs Credit Score: Which Impacts Your Insurance Premiums? [Video]

insurance score vs credit score

Confused by insurance score vs credit score? We hear insurance score vs credit score thrown around quite a bit in regards to insurance premiums. It’s important to understand two main points from the beginning:

1) In New York State, insurance carriers are allowed to use information from your credit report to determine premiums.

2) Insurance score is a completely separate number from credit score .These two terms CANNOT be used interchangeably.

In essence, insurance score is a derivative of your credit report. Additionally, your insurance score is going to be different with each insurance carrier.

Watch this short video below for a full understanding of insurance score vs credit score:

If you want to watch this video on YouTube, you can do so here. I encourage you to subscribe on YouTube so that you never miss a new episode.

This video is part of an ongoing series dedicated to helping consumers get answers to their insurance questions. If you’d like to follow along on YouTube, connect below:

If you have questions about your insurance program or if you would like to receive a proposal for auto insurance or home insurance, please give us a call at 518-456-6688 or email us at insurance@murraygrp.com. You can also click here to contact us through our website.

We’re here to help you find peace of mind.

Thank you and good luck,

Ryan Hanley, CIC

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