Do car insurance carriers look at credit scores?

Do car insurance companies check out drivers' credit scores when deciding how much to charge for coverage?

Answer provided by
Jessica Bartolucci
Answered on Feb 24, 2021
Although most insurance companies check your credit history, they do not use your actual credit score. Instead they use a credit-based insurance score, which helps them to determine if you will file a lot of claims! These credit-based insurance scores are created by companies like LexisNexis and FICO.

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