Does Indiana Farmers Mutual use credit scoring to evaluate my insurability?
Since 2002 Indiana Farmers Mutual has used bureau credit scoring to assist us in the selection and pricing of auto, homeowners, and some types of farm accounts. Indiana Farmers Mutual along with a vast majority of other companies in the insurance industry have found a very strong relationship between a personal credit score and the future chance of loss. By using credit scoring Indiana Farmers Mutual has been able to better predict possible future losses for all clients and more accurately charge appropriate insurance premiums – often times saving premium dollars for those with superior credit scores.
