LAS VEGAS – Nevada Capital Insurance Company (NCIC), a subsidiary of Capital Insurance Group (CIG), announced recently that it would begin using credit-based insurance scoring in Nevada to determine the credit insurance score discount for which a client qualifies. Credit-based insurance scoring in used by most personal automobile insurers in Nevada as one criterion for eligible coverage and premium levels.
A credit-based insurance score (CBIS) is a numerical score based on the applicant’s credit history. This number is typically developed using several pieces of credit information, which vary among insurers because different insurers use different CBIS models. A credit-based insurance score is not the same as a credit score used by lenders and will not impact the applicant’s credit score when accessed.
Research has shown that consumers with better credit-based insurance scores generally have fewer losses and file less expensive claims. People who use credit wisely are generally responsible in other areas of their lives.
To qualify for a CIG auto insurance policy, a driver must have a safe driving record. By insuring safe drivers, CIG is able to keep affordable rates while providing better coverage, superior client services and greater benefits. CIG offers exceptional protection, including comprehensive auto coverage and collision. CIG policy holders get broad coverage for the types of damage to their vehicle. When a customer requires a covered repair, CIG is one of the few insurers that pay for brand name replacement parts.
For more information, contact Gary Dahl at Nevada Capital Insurance Company at 321-1728 or visit www.CIGinsurance.com.