topic Re: Credit Karma Auto Insurance Score? in Rebuilding Your Credit

Credit Karma Auto Insurance Score?

Anonymous — Tue, 12 Feb 2013 01:09:53 GMT

My CreditKarma "Auto Insurance Score" was a 884 a month ago and since has dropped to a 751 and a "very poor" rating. What does this mean? Does this really have any bearing on my auto insurance? It makes no sense to me because I've had zero tickets and zero accidents in my entire driving history. I pulled my driving record online recently and it just said "ZERO EVENTS." Clean as a whistle.

So why would it drop over 130 points in a month? I'm not worried because I know I have no accidents or tickets on my record and that's what the insurance companies care about when giving a rate. But should I be concerned for some reason I'm not thinking of?

Re: Credit Karma Auto Insurance Score?

js0319 — Tue, 12 Feb 2013 01:33:22 GMT

As with any of the other "scores" on Credit Karma, I wouldn't pay any attention to it.

Re: Credit Karma Auto Insurance Score?

Shogun — Tue, 12 Feb 2013 02:02:08 GMT

The higher my scores go, the lower my CK Auto Ins. goes. I put as much faith in those scores as I do the Easter Bunny!

Re: Credit Karma Auto Insurance Score?

Kathy4NU — Tue, 12 Feb 2013 02:04:12 GMT

@Shogun wrote:
The higher my scores go, the lower my CK Auto Ins. goes. I put as much faith in those scores as I do the Easter Bunny!

Hey!!! What's wrong with the Easter Bunny? Do you have it in for Santa Clause too? What about the Tooth Fairy???

Re: Credit Karma Auto Insurance Score?

Shogun — Tue, 12 Feb 2013 02:05:37 GMT

Nope,, just the rabbit!!

Re: Credit Karma Auto Insurance Score?

starry1 — Tue, 12 Feb 2013 02:13:10 GMT

But the rabbit delivers delicious chocolate eggs. My auto insurance score has been dropping too. I have no idea what that's about and don't really care, since its CK.

Re: Credit Karma Auto Insurance Score?

Shogun — Tue, 12 Feb 2013 03:27:53 GMT

OK.. how about this.

Easter Bunny = Real

Credit Karma scores = Myth

Sound good?

Re: Credit Karma Auto Insurance Score?

Anonymous — Tue, 12 Feb 2013 10:08:46 GMT

LOL @ you guysL!

Re: Credit Karma Auto Insurance Score?

SFernandez13461 — Tue, 12 Feb 2013 18:11:01 GMT

The same thing just happened to me. And I don't have any accidents or tickets either. Probably just another fictional number CK came up with.

Re: Credit Karma Auto Insurance Score?

Burned2manybridgesB4 — Tue, 12 Feb 2013 18:16:20 GMT

I'd be willing to bet it's just general data collected for the immediate quantity of car crashes happening, when the refresh button is hit. We're all going to die!!!!!.....CK said so.

Re: Credit Karma Auto Insurance Score?

Gunnar419 — Tue, 12 Feb 2013 18:16:56 GMT

@SFernandez13461 wrote:
The same thing just happened to me. And I don't have any accidents or tickets either. Probably just another fictional number CK came up with.

If you look in the CK "Credit Advice" section under the auto insurance topic, you'll see that virtually every question there, stretching back for months is, "I have a clean driving record and excellent credit. How can by auto insurance score be so horrible?"

Nobody even bothers to answer those questions any more.

Funny, every article on insurance scoring states -- endlessly -- that having good credit is the "secret" to having a good auto insurance score. Nobody ever addresses the question of why the system is so dreadfully broken (assuming CK's scores have the slightest relationship to reality).

I have fine credit and not so much as a traffic ticket in 20 years. But I recently lost more than 100 points off my CK auto score simply by opening a store card. Since then, I've gotten credit line increases, dropped my utilization in half, and still not had a single blot on my driving record. And there the score sits, not having gone up a single point. It's a good thing my insurance company doesn't know that CK thinks I'm a "very poor risk."

Re: Credit Karma Auto Insurance Score?

Shogun — Tue, 12 Feb 2013 18:24:14 GMT

Any inquiry will cause a significant drop in your Insurance Score on CK. The best guess I have on this is their assumption you are applying for credit while driving and using your phone.