| State Farm (NAIC No. 25143) |
Yes |
State Farm uses a combination of prior claim information and credit characteristics to calculate a homeowners insurance risk score. This score is used, along with other factors, to help determine if a new applicant is eligible and to help determine the policy premium. State Farm only uses consumer credit information to initially rate a homeowner risk. |
| American Family Mutual Insurance Co. (NAIC No. 19275) |
Yes |
American Family considers several factors, including loss history, policy longevity, dwelling characteristics, fire protection class, credit score, and various discounts, to determine homeowner premiums. |
| 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 a financial responsibility score as one of the factors used to rate an insurance risk. Additional factors used to determine a customer's rate would include construction type, fire protection class and claims history. |
| United Services Automobile Association or USAA (NAIC No. 25941) |
Yes |
USAA uses a combination of underwriting characteristics to place an applicant into a tier. Credit is one of the characteristics used, and can affect an applicants tier placement, thus affecting the rating of the policy. |
