Kimberly-Clark Employees: Does Your Credit Score Affect Your Insurance Rates?

Healthcare Provider Update: Healthcare Provider for Kimberly-Clark: Kimberly-Clark does not typically provide direct healthcare services as a core aspect of its business. However, it does offer healthcare products under its brand portfolio, which includes items like medical gloves and protective wear used in various healthcare settings. The company primarily focuses on consumer products in personal care and hygiene, and while it may collaborate with organizations in the healthcare sector, it is not a traditional healthcare provider. Potential Healthcare Cost Increases for Kimberly-Clark in 2026: As we approach 2026, Kimberly-Clark and its consumers may face significant increases in healthcare costs due to anticipated steep hikes in health insurance premiums. The Affordable Care Act (ACA) marketplace is expected to see rate increases exceeding 60% in certain regions, driven by factors such as rising medical costs and potential loss of enhanced federal premium subsidies. Without intervention, these escalating premiums could drastically affect affordability for millions, with some policyholders at risk of experiencing up to a 75% rise in out-of-pocket expenses. This perfect storm of rising costs could pressure both Kimberly-Clark's employees and consumers, impacting the overall demand for its healthcare-related products. Click here to learn more

A good credit history can help you with both financial stability and lower insurance rates, which can save you money on auto and homeowners' insurance, Kimberly-Clark employees should know.

With proactive credit management, Kimberly-Clark employees can get lower insurance rates and turn a simple financial habit into a savings opportunity for household costs.

In this article, we will discuss:

1. Auto and home insurers use credit-based insurance scores.

2. Factors that affect insurance premiums include credit scores.

3. Good credit habits can boost insurance rates for Kimberly-Clark employees.

As a Kimberly-Clark employee, you might be interested to know that about 95% of auto and home insurers base their pricing on credit-based insurance scores.In Massachusetts, Hawaii and California, insurance companies are illegally using credit-based insurance scores to set premiums. Some states allow it only as a factor on property insurance - like auto and homeowners' - policies. Other states allow it on all kinds of insurance.

Several factors

Underwriting generally involves only one factor - credit-based insurance scores - that insurance companies use. We also remind Kimberly-Clark customers that there may be additional factors based on type of insurance. Your ZIP code, age of occupants, make, model, and age of vehicle and annual mileage may also affect auto insurance.

Using credit scores to set premiums for insurance is based on research showing that people with lower credit scores suffered greater auto insurance losses and received more money for their claims.Ask your insurer whether a credit-based insurance score was used to underwrite and rate your policy and which risk category you were assigned to.

Kimberly-Clark employees wanting to improve their credit-based insurance score should do the same thing as they would with a good credit rating: making timely debt payments, resolving past disputes, and keeping low credit card balances are all important to do.More Accurate Decision Making, Better Risk Segmentation & Greater Profitability with Predictive Analytics, Fair Isaac Corporation, 2012 (last updated statistics).

Added Fact:

But your credit-based insurance score could also affect your rates for homeowners' insurance. Credit scores also are considered in determining home insurance premiums. A better credit score may mean lower insurance rates for your vehicle and home. Thus, as a Kimberly-Clark employee, good credit habits may help you save money or even get better insurance rates. Keep up with the payments on your credit to improve your credit-based insurance score and possibly save on your auto and home insurance.

Added Analogy:

For insurance purposes, think of your credit score as a rear-view mirror. So much like a rear-view mirror helps you see the road ahead when you drive, your credit score gives insurers a look at your financial past. It's like a mirror of your financial responsibility and trustworthiness. A clear rear-view mirror lets you drive confidently, so too can having a good credit score mean higher rates on insurance. Or a dirty or tarnished mirror might block your view and raise premiums. And as a Kimberly-Clark employee, keep your credit score clean and honest - and reflect responsible spending. So you can move forward knowing that better insurance rates will protect your assets and give you peace of mind as you travel down the financial road.

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Sources:

1. National Association of Insurance Commissioners. 'Credit-Based Insurance Scores.'   National Association of Insurance Commissioners , 2024, pp. 1-2.  https://content.naic.org/insurance-topics/credit-based-insurance-scores .

2. DeNicola, Louis. 'Which States Prohibit or Restrict the Use of Credit-Based Insurance Scores?'   Experian , 12 Jan. 2024, pp. 1-2.  https://www.experian.com/blogs/ask-experian/which-states-prohibit-or-restrict-the-use-of-credit-based-insurance-scores .

3. National Association of Insurance Commissioners. 'Credit-Based Insurance Scores Aren't the Same as a Credit Score.'   National Association of Insurance Commissioners , 2024, pp. 1-2.  https://content.naic.org/article/consumer-insight-credit-based-insurance-scores-arent-same-credit-score-understand-how-credit-and-other-factors .

4. 'Does Credit Score Affect Car Insurance Rates?'   Allstate , 2024, pp. 1-2.  https://www.allstate.com/resources/car-insurance/does-credit-score-affect-car-insurance .

• 5. Ohio Department of Insurance. 'How Credit Information Can Impact Insurance Premium Amounts.'   Ohio Department of Insurance , 2021, pp. 1-3.  https://insurance.ohio.gov/wps/wcm/connect/gov/fc232c36-ac0f-4c12-afc2-5acafebe104a/credit_based_insurance_2021.pdf?CACHEID=ROOTWORKSPACE.Z18_K9I401S01H7F40QBNJU3SO1F56-fc232c36-ac0f-4c12-afc2-5acafebe104a-ntUixSL&CONVERT_TO=url&MOD=AJPERES .