| State Farm (NAIC No. 25143) |
Yes |
State Farm uses a combination of prior claim information and credit
characteristics to calculate an underwriting score. The underwriting score is
used, along with other factors, to help determine if a new applicant is
eligible. |
| American Family Mutual Insurance Co. (NAIC No. 19275) |
No |
American Family uses such factors as past losses, liability exposure (dogs,
swimming pools, etc.). |
| Shelter Mutual Insurance Co. (NAIC No. 23388) |
Yes |
Shelter uses a tier calculation to rate business. The calculator includes
policy term, other policies with Shelter, losses in the last five years, credit
score and years policy has been in force. Policyholders are placed into one of
six pricing tiers. |
| SAFECO (NAIC No. 24740) |
Yes |
Safeco uses several factors such as protection class, construction type,
loss history, and insurance bureau score to determine tier placement. |
| Mid-Century Insurance Co. (Farmers…NAIC No. 21687) |
Yes |
Mid-Century uses an Insurance Bureau Score to provide its customers a
discount on their insurance premium. The amount of discount varies, depending on
the customer's credit score. The vast majority of Farmers' customers receive
discounted insurance rates based on their credit score, with the top discount at
66%. Mid-Century uses several other factors such as fire protection class, loss
history, and other rating factors to arrive at the total premium charged by the
company. Once a customer is with company, Mid-Century will not raise an insured
premium based on a customer's credit score deteriorating, but will lower a
customer's rate based on a better score. |
| Allstate Indemnity Company (NAIC 17230) |
Yes |
Allstate uses several factors such as fire protection class, loss history
and credit scores to determine the total premium and placement in the
company. |
| Fire Insurance Exchange (NAIC No. 21660) |
Yes |
Fire Insurance Exchange uses an Insurance Bureau Score to provide its
customers a discount on their insurance premium. The amount of discount varies,
depending on the customer's credit score. The vast majority of Farmers'
customers receive discounted insurance rates based on their credit score, with
the top discount at 66%. Fire Insurance Exchange uses several other factors such
as fire protection class, loss history, and other rating factors to arrive at
the total premium charged by the company. Once a customer is with the company,
Fire Insurance Exchange will generally not raise an insured premium based solely
on a customer's credit score deteriorating. Instead, in the vast majority of
circumstances, customers are more likely to benefit from a change in credit
score. |
| Farm Bureau Town & Country Insurance Co. (NAIC No. 26859) |
Yes |
Farm Bureau uses several factors such as protection class, construction type
and credit scores to determine the total premium. Premium adjustments are based
on the highest loss score |
| Auto Club Family Insurance Co. aka AAA (NAIC No. 27235) |
Yes |
Auto Club Family uses credit history as one of the underwriting criteria for
accepting a policyholder. Additional considerations include construction type,
fire protection class and loss exposure. |
| United Services Automobile Association or USAA (NAIC No.
25941) |
Yes |
USAA uses fire protection class, loss history and credit score. The credit
score places the applicant in one of three pricing tiers.
|