Transcript

The insurance carriers, they do something that is called an insurance score. It's a soft hit.

Some insurance carriers do use your insurance score to base their rates off of.

It's not gonna affect your credit at all. They're just trying to see what your credit history is as long as with your claims history just to make sure that the risk justifies the premium.

It's not gonna be something where your insurance company or your carrier or your agent gets to your actual credit score. We just have access to what rates are they gonna provide, are they gonna provide rates. So people will ask me, they'll say, are you gonna pull my credit? Well, answer to that is no, because you'll never see on your credit report where an insurance company has pulled your credit. It's just something that's accessible to the insurance agent or the company that's actually assessing the risk.

Some things that you can do to help your insurance core is paying your bill on time, not adding any more debt, also keeping your credit lines open.

The same things that would improve your credit score will also improve your insurance score.

Those are some good ways to help you keep your insurance costs down.

You do want to keep that in good standing because it really could affect you and benefits you in the long run.