Use of Credit Information

Last Updated: May 9, 2016

Use of Credit Information

If you are shopping for auto or homeowner’s insurance, or if your current policy is up for renewal, your insurance company may be looking at your credit history. Here are some tips to help you understand how your credit information may be used and how it may affect your insurance premiums.

Understanding How Insurance Companies Use Credit Information

The Office of the Commissioner of Insurance (OCI) is continuing its study of the use of credit information in the underwriting and rating process of personal lines insurance. In order to respond to inquiries from community and neighborhood leaders, legislators and consumers, OCI surveyed the insurers that write private passenger auto and homeowner's insurance in Wisconsin on how they use credit information in their underwriting and rating process for auto and homeowner's insurance. Below is a link to the final report of the summary of the insurance company surveys.

The Use of Credit Information in the Underwriting Process for Auto and Homeowner's Insurance


​​​2​009 Informational Hearing

​Wisconsin Insurance Commissioner Sean Dilweg conducted an informational hearing on the use of consumer credit information by insurance companies. The hearing, requested by members of the Wisconsin State Legislature, was conducted in the State Capitol on September 14, 2009.

Participants in each of the three panels provided information from a diverse group of interests including consumers, legislators, insurance agents, and insurance companies. Materials from the hearing are included below. The hearing was carried by WisconsinEye and is available for viewing through their video archives.

Commissioner Dilweg kept open the comment period for the hearing and invited other interested members of the public to submit information. The record was kept open until October 14, 2009.

Meeting Materials

Additional Materials

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