Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
ngbrat08

0 Contributions
0 People Helped
How can I increase my auto insurance and vantage scores?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
713 Contributions
2571 People Helped
Most Helpful Response

Helpful to 4 out of 5 people

Unfortunately, the auto insurance score is entirely out of touch with the real world. Virtually every article you read about how it's calculated says something like, "Have good credit and you'll have a good insurance score" -- which is, frankly, happy BS. The Q&A section at CK on Auto Insurance is filled with people mystified that their credit and their driving records are excellent and their auto insurance score is in the dumpster.

All you can do is not worry too much about it and hope you live in a state that doesn't let the insurance companies rely too heavily on such silly scores.

Vantage is a bit less of a mystery. The same factors that make your CK TransRisk score go up and down also affect the Vantage score. Except that the Vantage score can go up or down more dramatically on short-term developments, while the TransRisk score seems to look at the longer term. So make all your payments on time, don't apply for credit too often, keep utilization low -- and all that other good stuff -- and your Vantage score will come along.

So far, the Vantage score isn't very important in the real world. It was intended as an alternative/rival to FICO scores, but FICO is still the gold standard for lenders.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.