“Your credit is your business, not ours,” stated President and CEO Nicholas J. Lannutti. “Given the current state of the economy we would like to reassure our policyholders that the price they pay for insurance with Workmen’s Auto is - and will continue to be – based on factors such as their driving record, where they live and the coverages they desire, and not on their credit score.”
Workmen’s Auto Insurance Company has written automobile insurance in Florida for the past 15 years, working closely with local Florida independent agencies to provide coverage tailored to the specific needs of each policyholder. The company writes coverage ranging from the basic minimum to full coverage for families with multiple drivers and higher value vehicles, offering a wide variety of discounts that reward safe driving, driver education, and owning vehicles equipped with certain safety equipment, without the use of credit scoring.
Workmen’s Auto has been in business since 1949 and is active in 10 states, from Washington to Florida. During these difficult economic times, having dependably priced auto insurance from a strong and secure insurance company is necessary to protect yourself and those around you. Local independent insurance agents are a great resource to help consumers find stable insurance solutions that are not dependent on your credit.
Workmen’s Auto Insurance Company
John Crispi
Phone: 213-747-6492
Fax: 213-747-4699
marketing@waic.com
http://www.waic.com
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Insurance credit scoring mirrors consumer credit scoring. It is an actual number the insurance industry uses to determine a consumer's premium or whether or not they will even issue a consumer a policy. Insurance credit scoring is also called credit-based underwriting, credit-based insurance scoring, an insurance score, a company placement indicator, or an insurance financial stability score.
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An insurance score is a score calculated from information on your credit report. Credit information is very predictive of future accidents or insurance claims, which is why Progressive, and most insurers, uses this information to help develop more accurate rates, which includes:
Accident and insurance claim history
Credit report information.
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