What affects the price of my insurance?
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Your bicycle insurance price comes down to a few straightforward inputs: the value of the bike you insure, the coverages you choose, and an insurance score that helps predict future loss activity. Each one is something you can see and understand up front.
Insurance scoring is the piece riders ask about most, because financial responsibility turns out to be an accurate predictor of future loss activity. That is why scoring is commonplace across auto and recreational sports insurance, and bicycle insurance is no different.
What is insurance scoring?
Insurance scoring uses your past insurance experience and your FICO score to estimate the likelihood of future claims, and a stronger score generally supports a better price. It is a standard underwriting tool, the same approach used across auto and recreational sports insurance, applied here to the bike you ride.
Does insurance scoring affect my credit?
Insurance scoring leaves your credit untouched, because it does not access your credit report. The only person who can ever see an insurance inquiry is you, so checking a quote has no effect on your credit and stays entirely private.
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