FreeScore.com Becomes One of the Only Credit Reporting Sites Providing Access to Auto and Home Insurance Scores

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Knowing Your Insurance Scores can Help you Negotiate your Premiums

FreeScore.com announced today that it is now providing its members Auto and Home Insurance Scores, making it the one of the only online credit score sites to offer this feature. Since its inception, FreeScore.com has provided consumers with affordable and unlimited access to all three of their credit scores and complete credit profile.

According to the Federal Trade Commission, insurance and auto companies will use consumer credit information, along with other factors, to help predict the likelihood of an individual filing an insurance claim and to predict the amount of the claim. The score is based on credit score factors like bill-paying history, the number and type of accounts, promptness of paying, collection actions, outstanding debt, and more.

The FreeScore.com Auto and Home Insurance Score feature provides consumers with the same tool used by insurers. Their two insurance scores are compiled by applying a mathematical formula to the data from their TransUnion credit report. A risky consumer credit history will lower their two insurance scores.

According to Carrie Coghill, Director of Consumer Education for FreeScore.com, "Insurance companies are using these auto and insurance scores to decide whether to approve you for a policy and on what terms. FreeScore.com's exclusive Auto and Home Insurance Score feature allows members to see exactly what Auto and Home insurers are seeing, and to see how their credit scores affect the amount they pay for insurance. This knowledge can help consumers negotiate premiums or take corrective action."

About FreeScore.com

FreeScore.com is the leading online consumer credit site, providing consumers with affordable, unlimited access to all three of their credit scores and complete credit profile. Launched in 2009 with an award-winning advertising campaign featuring actor, economist, and lawyer, Ben Stein, FreeScore.com has serviced more than 750,000 members. Members have unlimited access to their credit scores from all three bureaus, a complete credit profile, and expert tips, articles, videos and other educational information about credit management. For more information, go to FreeScore.com.

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The articles and information available are for educational and reference purposes only. They do not constitute, and should not be construed as, legal or financial advice. Any legal or financial principles discussed here are for general information purposes only and may differ substantially in individual situations and/or in different states or countries. For specific legal or financial advice, please consult a licensed attorney or a financial professional. FreeScore does not control or guarantee the accuracy of any information provided through external links from the articles on this website to any other website, nor does the FreeScore privacy policy apply to any personal information that may be collected via the external links.

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Aaron Berger

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