 TITLE: Does Your Credit Score Affect Homeowners Insurance? CONTENT: How Credit Scores and Credit-Based Insurance Scores Differ\n----------------------------------------------------------\nSince their development in the 1990s, insurance companies have been able to use credit-based insurance scores to help determine who to offer insurance to and how much to charge in premiums. Similar to the credit scores that lenders use, credit-based insurance scores are based on your credit report and show the relative risk of working with different people. But that's just about where the similarities end.\nCredit-based insurance scores may have different ranges and names than other types of credit scores and be calculated by different companies than the ones that calculate lending scores. These scores may also consider different parts of your credit report or use different weighting than the credit scores used for lending—which makes sense, because insurance scores have a different goal.\nThe scores that FICO® and VantageScore® develop for lenders predict the likelihood that someone will be 90 days past due on a bill within the next 24 months. But insurance scores predict the likelihood that someone will file an insurance claim. END