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
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.
Jessica Bartolucci
Answered on Feb 24, 2021
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Read advice from car experts at Jerry
Browse by topics
What others are asking
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies
