The three tiers of credit - based
insurance scores analyzed were excellent, fair and poor.
The three tiers of credit - based
insurance scores analyzed were excellent, fair and poor.
Not exact matches
For NerdWallet's 2018 rankings, we
analyzed customer service and claims satisfaction
scores from both J.D. Power and Consumer Reports, along with complaint data from the National Association of
Insurance Commissioners.
When
analyzed by type of
insurance policy, the data showed that the use of credit
scoring impacted more homeowners policies positively (50.2 percent) than auto
insurance policies (46 percent).
These insurers mine and
analyze a ton of personal data, like credit
scores and web shopping habits, to determine how likely you are to leave them for another auto
insurance company.
Insurers can
analyze information about your past financial behavior — like how frequently you've had late or missed bill payments and how much debt you have — to generate your credit - based
insurance (CBI)
score.
According to several recent studies, a large number of large
insurance companies
analyze a range of your personal data (like credit
scores, web shopping habits, and social media activity) with an algorithm that decides how likely you are to look for better deals.