Insurance Score

You’re already winning late in the game, but you want to score just a bit more, to be sure. It's 3-2 in the top of the ninth, but you're trying to steal second base to get a man into scoring position. You're up 17-14 with two minutes left in the fourth quarter, but you're still trying to connect on that touchdown bomb. Insurance score.

Outside of sports, it has to do with the way insurance companies judge whether you should get a policy or not (and how much you end up paying).

Think about your credit score. It’s a number that boils down your history with borrowing. The higher the score, the safer bet you are if a lender is thinking about giving you money.

Fun fact, though. High credit scores also correlate with lower accident rates. As such, insurance companies can use your credit score to help devise a predictive number of their own: your insurance score.

But the insurance score doesn't stop there. The number also takes into account items that specifically deal with insurance. For instance, it looks at the number of accidents you’ve had and claims you’ve made. From this, a number gets generated (much like your credit score) that helps insurance companies decide what kind of risk you pose.