What is a good auto insurance score?

What is a good auto insurance score? Auto insurance scores range from 300 to 997. Improve your score by (1) paying down debt, (2) driving safely, and (3) resolving minor damage yourself. One at-fault accident can decimate your score and raise your rates by as much as $1,000 annually.

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring that ex...

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Jul 16, 2021

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Things to Remember

  • Most companies use your insurance score to figure out your risk level as a driver.
  • The formula used to generate your insurance score is based on your auto accidents and auto insurance claim record as well as information from your credit history.
  • Your insurance score is not the same as a credit score, as your credit score only evaluates your financial responsibility. However, you may be judged according to a credit-based insurance score.
  • Your insurance score is focused on the likelihood that you will have an accident or need to file a claim under your auto insurance policy or how much money you may cost your insurer.
  • Your total insurance score could be anywhere between 300 and 997.

What is an auto insurance score? Even though they sound similar, your insurance score and your credit score are actually two different things. Your insurance score helps auto insurance companies determine what coverage rate to charge you, as it evaluates your risk as a driver.

What is a good auto insurance score? Insurance companies are trying to figure out the likelihood that you will eventually file a claim under your policy. The fewer claims you file, the better your score. As a general rule of thumb, drivers who end up filing a claim are more expensive to insure. The higher your score, the lower the rate you will be quoted for insurance. Other factors, such as your payment history, credit history, accident history,  and overall insurance history are all used to calculate your insurance risk.

Find reasonable rates for your insurance score by typing your ZIP code into our helpful tool above.

What Determines Your Insurance Score?

In general, your auto insurance score is based on your credit score and claims history report. Let’s take a look at what just one at-fault claim can do to your rates.

Average Auto Insurance Liability Claims and the Effect on Annual Auto Insurance Rates
Auto Insurance Claim DataDollar Amount
Average liability claim for property damage$3,638
Average liability claim for bodily injury$15,270
Average auto insurance rate increase after an at-fault accident $1,000
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Even if you have not filed a claim with your current insurance company, an insurer may be able to find your past claims history with other companies through private databases that major insurance companies subscribe to.

Insurance companies submit claims information for each of their clients to these databases. The two major databases for claims information about drivers are the Automated Property Loss Underwriting System (A-PLUS) and the Comprehensive Loss Underwriting Exchange (CLUE).

Your credit score is considered in determining your insurance score because your credit history is an indicator of your financial responsibility.

Auto insurance companies have found that people with a better-looking credit report are statistically less likely to end up filing a claim under their auto insurance policies, so they end up with a lower insurance cost than someone with poor credit.

Some of the factors that influence your credit score are your outstanding debt, your history of making payments on time, your credit mix and credit utilization, whether you have ever filed for personal bankruptcy, if you currently have a loan, and the ratio of your debt to income.

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What Is The General Range for Insurance Scores?

There are two major independent companies that generate insurance scores: the Fair Isaac Corporation and ChoicePoint. Both companies offer a range of scores. The higher the score, the lower-risk driver you are considered to be by the insurance industry.

Under the Fair Isaac Corporation, the current insurance scoring model awards a score between 300 and 900, and anything above 700 is typically a decent score to an insurer.

What is a good insurance score?

Under the ChoicePoint insurance scoring system, insurance scores are between about 300 and 997.

What is the best auto insurance score? 997 is the highest and best score, and other numbers close to it will help get you better coverage rates.

The benchmark for insurance scores to translate to lower insurance premium rates will differ according to each auto insurance company.

Some companies will have higher standards for insurance scores than others, which makes it a smart idea to shop around if you are concerned about a low insurance score based on what you know about your insurance history.

Ask your insurance company if there are good driver discounts available for insured drivers who have a certain length of time on their driving record without an accident or claim. You could also see if there are Occasional Driver Insurance Rates you could take advantage of.

Are There Ways to Improve Your Insurance Score?

One of the most effective ways to improve your insurance score is to improve your credit score.

If you have debt that you are able to pay off, it can seriously improve your credit score. It may also be smart not to take out any new lines of credit for a certain period of time.

For any bills that are past due, do your best to get them taken care of as quickly as possible. Poor credit is a huge factor in calculating your insurance premium, second only to your insurance history.

Another effective way to improve your insurance score is to not have any claims for a certain length of time in order to tidy up your insurance history and fix a poor score.

Other than practicing safe driving habits, resolving any minor damage to your automobile or incidents without contacting your insurance company can save you money down the line and help you avoid a decrease in your insurance score.

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What Do You Need To Know About Your Auto Insurance Score?

Your insurance score is a rating used by auto insurance companies to determine the probability that you will file a claim under your policy.

The major things that affect your auto insurance score are your credit score and claims history. Even if you filed a claim under another insurance policy, this information could be submitted to a universal private database that is used by all of the major auto insurance companies.

To get the lowest rate possible on your premium, you want to have the highest insurance score you can. Take steps to improve your credit score and avoid filing claims in order to increase your insurance score.

Type your ZIP code into our helpful tool below to get cheap rates if you have a good auto insurance score.

#1. What is an auto insurance score based on?

Your insurance score is computed based on your credit rating and affects what you pay in premiums.

#2. What is an auto insurance score chart?

This is a chart that comprises a great deal of information, including vehicle type, driving history, location, credit score, and other factors.

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#3. Is there a way to learn how to improve your insurance score?

You can improve your credit score by paying bills on time, paying your premiums on time, and avoiding accidents.

#4. What is an auto insurance score benchmark?

A benchmark is the process of measuring performance.

#5. How can I get my auto insurance score?

There are multiple websites, such as Credit Karma, that can help you check your credit score.

 

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