Q: Why does my insurance score matter?
Written by Hippo
Updated over a week ago

A: Like a credit score, insurance companies use credit-based insurance scores to help them predict losses by determining which consumers are more likely to file claims. An insurance company assigns an insurance score to any consumer who applies for an insurance policy. The more favorable your insurance score, the more favorable your insurance premium likely will be. Keep reading to find out more about insurance scores.

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