I will admit a certain fascination with CBIS scoring. I am in a state that allows it, and I've compiled a lot of useful information (particularly from Tom_Thumb's posts). I was bummed when CK stopped supplying the TU insurance info and so I just use the known risk scoring factors to try to do my best by my scores (staying away from automotive based CCs, trying to keep store/charge accounts to a minimum, increasing my average CL to above certain threshholds, increasing CU accounts).
I just went auto insurance shopping and was (probably the only person) excited to get my underwriting rating decision in my new policy packet and seeing them mention CBIS 
My paperwork didn't give me a score, but does say "You were not given our best underwriting or rating classification."
The company further states "We did not give you our lowest premium due, in part, to information contained in your credit history." It also went on to say that the information doesn't necessarily reflect my credit worthiness and that measuring insurance risk uses different factors.
Anyway, the factors I did get pinged on, which they use Experian for:
- "You have credit history reported for 21-40% of the last 10 years"
This is true, without my AU, my oldest accounts are 30months old, my AU (and the account holder is covered in this policy) is ~18 years, so I guess they don't track AUs, even if it's another policy holder - "You opened 7 or more loans or accounts in the last 36 months"
15
- "You applied for credit at least once in the last 6 months, excluding auto or mortgage applications"
1 INQ on EX in the past 6 months. - "You applied for credit in the last 13-24 months, excluding auto or mortgage applications."
Follows with the above reason, but yes 7 INQs on EX.
Assuming the negative factors are listed in order of severity/magnitude - that first one is going to be a hit for a while (unless they feel like switching to EQ where a 25 yo account is just hanging out). The others are far easier to mitigate if I plan on hunting insurance in the future (I like to shop insurance every year or 2). Honestly, I would be tempted to make my policy co-holder be the one to apply next time, because they've only got two cards (both national, one is my AU) and they would ping none of the above negatives. Neither of us has had any accidents or tickets in the past 10 years or so (last known issue was when I had an accident 11 years ago), and he has a well aged profile (how thick depends on how many times the mortgage was sold).
I also have the results of my CLUE report in there, which is empty except for a claim when I had a chip/star filled last year ("comprehensive coverage claime < or = $1,000"). For whatever reason, it surprised me that that was listed there (I've always used the "free" "repair your chip" service whenever I get something that might run in the windshield without thinking of it).
Regardless of "not getting the best rating", our 6mo policy cost dropped by ~30% (and I increased some of the coverage). I'm happy. Also, I guess I have a better reason to hold onto Gardening now if I want to shop again next year.
@Mr_Mojo_Risin - Once upon a time, you could get your TU CBIS for free through CreditKarma, but they stopped supplying it (both for auto and home). You also used to be able to purchase it through LN, but they've stopped supplying it to consumers as well (iirc).
Here's a bookmarked post I saved - Tom_Thumb's post actually has the TU risk factors/codes in there,... Of course, driving record & prior claims are more important (and the paperwork repeatedly emphasised and CBIS was just one part of the puzzle). And as always (before someone chimes in) - CBIS is all about the risk of you filing a claim, not the risk that you would have an accident or a reflection of your driving
@calyx wrote:@Mr_Mojo_Risin - Once upon a time, you could get your TU CBIS for free through CreditKarma, but they stopped supplying it (both for auto and home). You also used to be able to purchase it through LN, but they've stopped supplying it to consumers as well (iirc).
Here's a bookmarked post I saved - Tom_Thumb's post actually has the TU risk factors/codes in there,... Of course, driving record & prior claims are more important (and the paperwork repeatedly emphasised and CBIS was just one part of the puzzle). And as always (before someone chimes in) - CBIS is all about the risk of you filing a claim, not the risk that you would have an accident or a reflection of your driving
Thank you for the link!
This credit stuff is so interesting, and frustrating. Lol