Personal Insurance FAQs
Below is a list of our most commonly asked Personal Insurance questions and answers. Should you need additional information not found here, please Contact Us.
In many cases, this is the best choice. Bundling your different insurance policies with the same carrier can often lead to discounts. Ask an Upstate Agency representative if bundling your policies is the right move for you.
According to the Federal Trade Commission, based on the numerous studies done on the issue of credit score and insurance premiums, there is a direct relationship between credit score and an individual’s propensity to get into severe car accidents, as well as canceling for non-payment. This has lead 46 out of the 50 states in the U.S. to allow insurance companies to use credit scores when determining auto insurance and home insurance premiums.
For you, the insurance consumer, this means it is important to have a good handle on your credit score and try to keep it as high as possible because a low credit score is going to mean higher insurance premiums in most states.
Changing your insurance carrier has NO impact on your credit score. You can change as often as you like and it makes no matter to your credit score. The only time that cancelling an insurance policy can affect your credit score is if you owe the carrier back premium and they take you to collections.
Comprehensive and Collision are physical damage insurance coverages on a personal or business auto insurance policy. Collision coverage provides reimbursement for damage to your vehicle after a car accident in which there is no fault or you are at fault. Comprehensive provides reimbursement for a set of named perils that include fire, hitting an animal, falling object, lightning strike and more.