Is an auto insurance score the same as a credit score? This question is about Auto Insurance Scores

Is an auto insurance score the same as a credit score?

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This question is about Auto Insurance Scores

Delaney Simchuk, Car Insurance Writer

@delaney_simchuk • 03/28/23 This answer was first published on 03/28/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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No, an auto insurance score is not the same as a credit score. An auto insurance score is a number based on your credit history that is used to predict your likelihood of filing a car insurance claim, while your credit score is used to assess your ability to repay money that you borrow. However, both scores are based on the contents of your major credit reports.

Car insurance companies typically use your auto insurance score when determining your premiums, along with other factors such as your driving record, age, car make and model, and ZIP code. However, Hawaii, California, and Massachusetts have banned insurance companies from using your credit history as a factor to help determine your auto insurance rates.

Credit Score vs. Auto Insurance Score

Category	Credit Score	Auto Insurance Score
Purpose	To assess your trustworthiness as a borrower	To determine how likely you are to file a claim
Based on	Information in your Experian, Equifax and TransUnion credit reports	Information in your Experian, Equifax and TransUnion credit reports
Score range	300 to 850	250-900 (FICO) 200-997 (LexisNexis) 150-950 (TransUnion)
Score providers	FICO and VantageScore	FICO, LexisNexis, and TransUnion

To learn more, check out WalletHub’s guides to auto insurance scores and credit scores. You can also check your credit score for free on WalletHub.

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