Home  |   Insurance Products  |   Our Companies  |   Customer Service  |   About Us  |   Contact Us  |   Links   Frequently Asked Credit Scoring Discount Questions This information is provided by the Insurance Institute of Michigan What does a person's credit have to do with home and auto insurance? Why do insurance companies use credit in their decision making? Why don't insurance companies just look at driving records or claims history? How does the use of credit score discounts benefit insurance consumers? What is a credit score discount? Can a consumer be denied insurance based on credit? How is a consumer’s privacy protected? Are credit scoring discounts reliable? How can consumers find out about their credit score discount? What can consumers do to improve their credit score? What is the insurance industry doing to address some concerns raised by consumers? What does a person's credit have to do with home and auto insurance? Independent studies have proven a strong connection between credit history and the likelihood of an individual filing a claim. People who use credit wisely are generally responsible in other areas of their lives. Research indicates that people with better credit scores have fewer losses and less expensive claims.   The Insurance Institute of Michigan (IIM) is a government affairs and public information association proud to represent 44 property/casualty insurance companies and another 43 related organizations operating in Michigan. IIM members write almost $8 billion in annual premium, or approximately 54 percent of the state’s property/casualty insurance. IIM’s purpose is to serve the Michigan insurance industry and the insurance consumer as a central focal point for educational, media, legislative and public information on insurance issues.

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