Why does my FICO affect the price of my insurance?

There is evidence that a person’s financial responsibility is an accurate predictor of future loss activity; therefore, insurance scoring has become commonplace for products such as homeowners, auto and even power sports insurance. Bicycle insurance is no different. Please note that while insurance scoring uses information from your FICO score, it does not negatively impact your credit score and the only person who can every see an insurance inquiry is you.

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