Last Updated on May 3, 2021
Also, the insurance companies look at the consumer’s credit report to create a credit-based insurance score. Insurance companies use a 3-digit number to help them evaluate your risk level and decide your coverage.
According to FICO, 85% of homeowner insurers and 95% of auto insurers use these credit-based scoring versions. But unlike your normal credit score, the credit-based insurance score is not available for the public.
