Understanding Your FB Advantage Score
The FB Advantage Score is an insurance score—not a traditional credit score. While a credit score helps lenders predict how likely someone is to repay borrowed money, an insurance score is designed to help assess insurance-related risk. Research has shown that certain patterns in a person's credit history are statistically associated with insurance loss experience.
How It Works
Information from your credit report is reviewed by an insurance scoring model. That information is used to calculate an insurance score, which may determine eligibility for the FB Advantage Discount. Your final insurance premium is based on multiple underwriting factors—not your insurance score alone.
Factors That May Influence Your Score
• Payment history
• Length of credit history
• Outstanding debt compared to available credit
• Overall credit history
• Recent credit activity
Frequently Asked Questions
Why do insurance companies use insurance scores?
Insurance scores help insurers evaluate risk and establish competitive rates based on statistical data.
Is using insurance scores legal?
Yes. Federal and Michigan laws allow insurers to use credit information for insurance underwriting and pricing when done in accordance with applicable regulations.
Is my insurance score the same as my credit score?
No. Credit scores predict repayment behavior, while insurance scores are designed to help assess insurance-related risk.
Can I review my credit history?
Yes. Consumers can request a free credit report annually from the major credit reporting agencies.
Does my income, gender, age, race, religion, or marital status determine my insurance score?
No. These factors are not used in the insurance scoring model.
Your FB Advantage Score is only one piece of the overall insurance picture. Understanding how insurance scores work can help you make informed financial decisions and better understand how discounts may be determined.
Need Help?
If you have questions about your FB Advantage Score or would like to review your policy and available discounts, contact Berg Insurance Services. We're happy to explain how the process works and answer your questions.
