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!


Posted in Auto Insurance
Profile Image

Question By

1 Contribution
2 People Helped
why did my insurance drop when i have had no claims
Why did my insurance score drop when I have had no claims or infractions. I never seem to get a response to my questions.

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

View your scores and reports anytime.

All Responses

Results 1-10 of 10Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
4 Contributions
35 People Helped
Most Helpful Response

Home Insurance Score

Helpful to 8 out of 11 people

Well, if it really IS based on the likelihood that I will file a claim.... Then I should have the best home insurance score in the country bc I do not own a home and do not HAVE home insurance to even file a claim with. So in that vein, I should have 950... So obviously, what they say and what is really behind that score are indeed two very different things.

Top Contributor
60 Contributions
76 People Helped

ten point

Helpful to 6 out of 11 people

I would not sweat the home insurance number.  I also saw that number drop and wondered why.  I have never had a claim on my home or car insurance or anything, and all my accounts are in good standing and have been for some time.  My home insurance is with a good company and the rate is good and full of discounts.  If something were amiss I would think it would show up in my annual premium with them.  I really havent been able to figure out any rhyme or reason why it is low.  None of the basic logic seems to apply to whatever formula they are losing.  If the rest of your accounts are in good order, I wouldnt lose a lot of sleep over it.

Good Luck


1 Contribution
2 People Helped

Car insurance score drop

Helpful to 2 out of 4 people

My car insurance score dropped 20 points after I paid off my car loan, paid off a "loan" loan, dropped the utilization percentage to 30% on another credit card and my credit score went up to excellent.  The only "claim" filed was to get a tow truck to jump my battery after it died.  Whats the deal? 

4 Contributions
18 People Helped

"likelihood.. you'll file claim"

Helpful to 1 out of 2 people

I fully understand the written criteria - however, since I've never filed a claim for either home or auto insurance then how does the agency or agencies calculate that and come up with a numerical value?

I think this is the question at hand here.  It's probably a finite math theorum based on probability.  I'm sure one's financial credit history is one of the factors in the overall formula.

Of course, it would still be a guess as to what values and factors the reporting agencies use to do the calculation.

Top Contributor
10 Contributions
34 People Helped


Helpful to 3 out of 6 people

one item in credit report that effected my auto score was a new auto loan. So would asume number and size both enfluence score.

Top Contributor
60 Contributions
76 People Helped

home and auto ins score

Helpful to 1 out of 3 people

My bad...for some reason I thought you were talking about home insurance number.

Yeah...the same for the auto as far as I can see.   Have a good record, no claims, good ins...etc.. and number is still low.

I have no idea what criteria they are using.  Sorry I misunderstood your question.

Top Contributor
138 Contributions
504 People Helped

Auto Insurance drop 29 points

Helpful to 2 out of 5 people

I refinanced my home in January and had to take out a new home owner's policy with State Farm (best price).  With that, I had to change my auto policies to State Farm from Geico (Geico wouldn't offer home owner's in my area) so I could get a discount on the whole package.

My last claim with Geico was 25 years ago, no tickets, accidents, etc.  

In February, my auto insurance score dropped from 790 to 761.

Any thoughts anyone?

Reply by

1 Contribution
0 People Helped
Helpful to 0 out of 3 people

Even my insurance score dropped when I signed up for state farm insurance. When I switched to AAA, it went high again.

1 Contribution
0 People Helped

Helpful to 0 out of 1 people

What credits a good score or a ad score. You pay insurance have a legit claim ad then penalized for it. I have not had a wreck, ticket, or car claim in years (15) how long must these be held over your head and perhaps penalized? House score how long does that stay with you for a claim that was made.

1 Contribution
0 People Helped


Helpful to 0 out of 2 people

As far as I am concerned, none of the ways they assess credit is very good.  Because I am using a

good portion of a few credit cards, my credit has dropped.  Do they not take into consideration the

other 70% of my credit cards I am not using?  I have almost maxed these out because they gave me

great balance transfer offers and I am paying 0% interest right now on most of these cards.  I 

guess I am not supposed to do that and pay more interest.  

1 Contribution
1 Person Helped

Auto and Home Insurance Scores

Helpful to 1 out of 4 people

I see all of the questions and comments and I see why people are getting frustrated. My Credit and FICO score when UP by more than 20 pts over the last month or so, but my auto and home insurance score went DOWN by about 30pts. Not only that, but no home owners insurance claims and no auto insurance claims. So with that, how does this make sense?

Results 1-10 of 10Results 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.


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.