What is insurance scoring?

Insurance credit scoring is a process by which the insurance companies gather information from a credit report. They are not credit scores in the traditional sense. The scores received are specific to the insurance industry.

According to the Insurance Information Institute: "Credit-based insurance scores are confidential rankings based on credit history. They are not a measure of someone’s financial assets, but of how well individuals manage their financial affairs." Additionally, "Insurance scores do not include personal information such as race, religion, gender, family or marital status, handicaps, nationality, age, address or income."

For more information on insurance scores and to find out how to get a copy of your credit report, visit www.consumerdisclosure.com.