Sentences with phrase «credit than some other insurers»

All insurance companies check a driver's credit, but GEICO tends to charge a higher rate to drivers with bad credit than some other insurers.

Not exact matches

It is understood that not all mono - line insurers are the same credit quality, some are stronger than others.

«(Your insurance) agent may be able to give some guidance on which insurers weigh (your credit - based insurance score) more heavily than others,» Barry says.

Having run the GIC desk of a small well - capitalized insurer, with lower ratings, less leverage, and a higher ROE than other larger competitors, I was / am biased against firms with bad credit profiles that get good ratings only because they are big.

Insurers that use credit information must take into account the effect on a consumer's credit of any «extraordinary life circumstance,» including: an acute or chronic medical condition, illness, injury or disease; divorce; the death of a spouse, child, or parent; involuntary loss of employment for more than three consecutive months; identity theft; loss that makes a home uninhabitable; and other circumstances prescribed by the New Mexico Insurance Division.

According to TransUnion, consumers with the best credit - based insurance scores are likely to stay put with their insurer because they showed lower auto insurance shopping rates than other consumers.

In addition, loans from insurers secured by policy values are not income and earnings credited to an owner's policy values (known as «inside buildup») by the insurance company are not currently taxed (and may escape taxation altogether if such earnings are not distributed other than as part of the death benefits paid upon the death of the insured).

This part of the calculation tends to be pretty similar between different insurers, but some will weight credit history more heavily than others.

But even though your credit history is likely to have more impact on your premium than any other factor — your driving record or the condition of your home — insurers don't advertise their use of credit information.

Established in 1900, it is one of the largest insurers in North America and serves more than 7 million members of credit unions and other clients.