Today, credit reports are run for all home and auto policies. Each carrier has their own formula. There is little to no consistency between them. It used to be that all carriers were pretty much in the same ball park. Today, they may not even be in the same state.

This is yet another reason why you want an Independent Agent who will shop multiple carriers for you.

Insurance actuarials believe they can prove a high correlation between credit ratings and the propensity to file claims. The difference between a poor rating and a solid credit history can change premiums by as much as 100% or more!!!!

Your credit rating is more important than ever. Check yours out. You are entitled to one free credit review each year from each of the three major reporting agencies.