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  • Writer's pictureChristian Turnbaugh

Insurance Myth Week 2 - Credit Score

Updated: Jan 31, 2022

A common myth I hear about insurance is that your credit score does not impact your insurance rate. This is not true. Insurance companies partly use to rate policies what is known as an insurance score. Now, what does insurance score entail, you are thinking? Well, it is the combination of your credit score, driving record, and number and severity of home claims. For example, I quoted two prospective clients living in the same town 1 block away from each other in one week. The homes were almost identical, one homeowner had an above-average insurance score, and his insurance was $1,200 for the year. The other homeowner had a below-average insurance score, and her insurance was $1,900 for the year.

I look forward to continuing the series next week. If you have any topics you would like covered, please comment below or email me at

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