20 Point Drop in Credit Score
Jan 15, 2014 | 11:14 am
#31
Join Date: Mar 2007
Location: CLE
Programs: UA Gold, HH Diamond, Marriott Gold
Posts: 3,718
I just looked at Credit Karma and my Fake FICO is above 760 and the other scores they list are excellent. EXCEPT my auto insurance score is poor. I've had one claim in my driving history and it was last year when someone vandalized my rental car. The cost was $200. I've one ticket and it was at least three years ago. So, why would my auto insurance score be so low? And is it worth paying to find out what it really is?
Jan 15, 2014 | 11:37 am
#33
Moderator: Chase Ultimate Rewards
Join Date: Apr 2005
Location: SFO
Programs: UA 2P, MR LT Plat, IHG Plat, BW Dia, HH Au, Avis PC
Posts: 5,669
It's not necessarily driving history. Some time back, somewhere in all these threads, someone reported that a large AoR caused their insurance premium to go up. In that case, the algorithm was apparently weighted toward number of inquiries. In a sense, applying for many credit cards was a proxy for risk-taking behavior.
However, according to this thread, no one on myfico believes the CK auto score means anything anyway: http://ficoforums.myfico.com/t5/Rebu...e/td-p/1870503
However, according to this thread, no one on myfico believes the CK auto score means anything anyway: http://ficoforums.myfico.com/t5/Rebu...e/td-p/1870503
Jan 15, 2014 | 12:47 pm
#34
Join Date: Aug 2011
Location: The Phoenix Desert
Programs: Hilton Cubic Zirconia, Marriott Fools Gold
Posts: 1,692
My score has always been ridiculously low on CK... even before I got into the CC game. I'm on a 25+yr old policy with no tickets or accidents and I've only had one small claim from 8yrs ago. IME the score on CK is not anywhere close to what my insurance uses because my premium is about as low as it can get.
Conclusion: don't put too much stock into what CK tells you.
Conclusion: don't put too much stock into what CK tells you.
Last edited by skitch23; Jan 15, 2014 at 1:13 pm
Jan 16, 2014 | 10:51 am
#36
Join Date: Jan 2011
Location: LAX
Programs: Peon status: last row in economy and the occassional upgrade at roach motels.
Posts: 617
When my score drops to 740, I usually start slowing down with the apps. When it drops to around 720, that's when I say no more apps for awhile.
Jan 27, 2014 | 9:01 pm
#37
Join Date: Aug 2010
Location: YWG
Programs: Aeroplan, MileagePlus, Marriott Rewards
Posts: 2,208