InitialQuote Score

Win More Business by Fueling Initial Rate Quotes With Up-front Credit Insight

Product Overview

Fast and accurate.

It’s the name of the game when it comes to insurance rate quotes, especially as consumers are increasingly shopping online and to better serve the consumer, the industry moves toward comparative raters and online aggregators. With roughly one quarter of U.S. consumers shopping for auto insurance annually and receiving on average three quotes each time, many carriers are struggling to find a competitive edge as they are challenged with diminishing quote to bind rates added to the mounting costs of adapting to today’s aggressive online marketplace.

InitialQuote Score™ can help carriers compete more effectively by providing a critical piece of insight — the insurance risk score to help you segment and quote more accurately, earlier in the process — at “Rate Call 1”. Since credit is often a key component of rating in personal lines, the advantage of having access to a consumer’s score early in the process can have a big impact on providing more accurate rate quotes.

Credit is a Key Driver in Rate Accuracy

InitialQuote Score offers a cost-effective solution for understanding meaningful consumer behavior, earlier in the application process so that you can provide more accurate quotes that could result in improved conversions. It uses a highly secure protocol, upon consumer consent, to automatically plug a consumer’s insurance risk score into your online rating plan. You can then instantly calculate and return the most competitive quote, often several percentage points lower with the benefit of this powerful insight using credit data.

Apart from helping to fuel increased close rates, InitialQuote Score can also help improve your competitive position, boost online customer engagement and, ultimately, help win more business across high-volume quoting channels.

Improved Accuracy

Improve the rating accuracy of your initial quote

Competitive Quotes

Instantly generate your most competitive quotes at rate call 1

Win more online business

Help win more business in a highly competitive online environment

Increase close rates

Optimize costs and increase close rates within high-volume quoting channels