Jun 10, 2024 · Car insurance companies often use what is called a “credit-based insurance score” in setting rates. These are different from the typical credit scores such as your FICO score....

What is a credit-based insurance score? Your credit-based insurance score, or insurance credit score, is used to determine how likely you are to file a claim. It gives insurers an...

Jun 20, 2024 · In the strictest sense, your credit score does not affect car insurance rates. Instead, insurance companies assign customers “ insurance scores,” which use credit information to calculate …

Jun 17, 2025 · When you apply for auto insurance or home insurance, your insurance score will be factored into your rates. Similar to how your credit score will impact the kind of interest rate you get a …

What is a credit-based insurance score? An insurance score is a number that's used to predict your odds of filing a claim on your auto, homeowners, or other type of insurance (depending on the state …

Jul 8, 2025 · Poor credit raises rates by 95% compared to having good credit. Your credit score can impact your car insurance rate. A higher credit score decreases your car insurance rate with almost …

Sep 30, 2025 · Review if auto insurance companies consider your credit score, why it’s a factor and how to improve your credit score before applying for car insurance.

Insurance companies use selected information from your credit report to calculate an insurance score. Factors may include your history of on-time payments, the amount of outstanding debt, the length of …

Feb 5, 2024 · What Is an Auto Insurance Score? Summary: Your auto insurance score, also known as a credit-based insurance score, is based on information in your credit report.

Apr 25, 2025 · Insurance scores are numerical scores used to predict the likelihood that you’ll have an accident or fill out a claim. They’re calculated from information on your credit reports. Car insurers …