[gallery size="full" ids="185928,185929,185930,185931,185932"]

Many insurance policyholders and prospects may not realize that their FICO credit score is different than their credit-based insurance score.

To be sure, the credit score logged by Fair, Isaac and Company, or the credit reporting company better known as FICO, does factor into a credit-based insurance score, which insurers use to determine a policyholder's premium. But, in states where credit is used to determine insurance premiums, a FICO score may not be the only consideration for credit-based insurance scores.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Elana Ashanti Jefferson

Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].