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NAIC: Credit-Based Insurance Score Is Not the Same As a Credit Score

Your credit-based insurance score is not the same as your regular credit score.
August 5, 2020

In most states, insurers can use your credit-based insurance score to determine your premiums. Your credit-based insurance score is not the same as your regular credit score. The National Association of Insurance Commissioners (NAIC) has published an article explaining the difference.

 

According to FICO, a data and analytics company that measures credit risks, many insurers use credit-based insurance scores in states where it is legally allowed.

 

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