Rogers Corporation Employees: Does Your Credit Score Affect Your Insurance Rates?

Healthcare Provider Update: Healthcare Provider for Rogers Corporation Rogers Corporation typically provides health insurance coverage through its partnership with major insurers such as UnitedHealthcare and other leading healthcare providers. These collaborations allow the company to offer comprehensive health benefits to its employees, ensuring access to necessary medical services. Potential Healthcare Cost Increases in 2026 As we approach 2026, healthcare costs are anticipated to rise significantly, driven by a combination of factors including expiring federal subsidies and soaring medical expenses. Some states could see ACA marketplace premiums increase by over 60%, resulting in potential out-of-pocket costs for consumers soaring by as much as 75%. With top insurers reporting record revenues and the loss of enhanced premium tax credits, many employees, including those at Rogers Corporation, may face challenging financial implications unless proactive strategies are implemented to mitigate these rising costs. Click here to learn more

As an employee of Rogers Corporation you may find it interesting to know, one landmark study found that credit-based insurance scores are used by about 95 percent of all auto and home insurers in calculating the cost of insurance to individuals.

While the vast majority of insurance companies use credit-based insurance scores to help determine the price of insurance, it is banned in the states of Massachusetts, Hawaii, and California. Some states only allow it as a factor for property insurance like auto and homeowners insurance. Other states allow it to be used with any type of insurance.

Several Factors

Generally, an insurance company will use a credit-based insurance score as just one factor in its underwriting process. We'd also like to remind our Rogers Corporation clients that other factors may be considered, depending on the type of insurance. For example, with auto insurance, other factors could include your zip code, the age of the drivers, the make, model and age of the car, and the number of miles you drive annually.

The use of credit scores to determine insurance rates is rooted in research that has shown individuals with lower credit scores had higher car insurance losses and higher claims payouts.

You can ask your insurance company if a credit-based insurance score was used to underwrite and rate your policy, and in which risk category you were placed.

For Rogers Corporation employees who want to improve their credit-based insurance score, you should consider taking the same steps you would to improve your credit rating: make timely debt payments, clear up past disputes and keep credit card balances low.

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1. Predictive Analytics: Achieving Greater Decision Accuracy, Better Risk Segmentation, and Greater Profitability, Fair Isaac Corporation, 2012 (most recent statistics available).