Does Experian Boost Include Auto Insurance? - Experian (2024)

In this article:

  • What Is Experian Boost?
  • Does Experian Boost Count Auto Insurance?
  • What Other Bills Can You Add to Experian Boost?
  • How to Sign Up for Experian Boost

Experian Boost®ø can help you add eligible on-time payments to your Experian credit report, which could help increase your credit scores. Experian launched Experian Boost in 2019 and has added to the list of eligible payment types since then. Today, consumers can use Experian Boost to add several types of insurance payments to their credit report, including monthly auto insurance payments.

What Is Experian Boost?

Experian Boost is a free feature that Experian members can use to add eligible on-time payments to their Experian credit report—late (non-credit) payments won't hurt scores. The new bills eligible for Experian Boost could help increase credit scores, including the most recently released versions of FICO and VantageScore® credit scores.

You can use Experian Boost by signing up or accessing the feature in your Experian account and connecting eligible bank or credit union accounts that you use to pay bills. Experian Boost can then search through the account history to look for eligible bill payments. Once you verify these payments, they can be added to your credit report and could improve your credit scores based on your Experian credit report.

Does Experian Boost Count Auto Insurance?

Insurance payments weren't eligible for Experian Boost when it first launched, but you can now add qualifying insurance payments for:

  • Auto insurance
  • Life insurance
  • Homeowners insurance
  • Renters insurance
  • Pet insurance

To qualify, you must make your insurance payments monthly—rather than semi-annually or annually. But health insurance payments aren't eligible, even if you make monthly payments.

What Other Bills Can You Add to Experian Boost?

You can pick and choose which bill payments you want to add to your credit report when you enroll in Experian Boost, and you can add or remove bills at any time.

In addition to insurance bills, eligible bills could include:

  • Mobile and landline phone bills
  • Cable, internet and satellite services
  • Gas, electricity, waste management and water bills
  • Residential rent that's paid online
  • Video streaming services

If you decide to remove a bill later, Experian will remove the entire bill payment history from your credit report. The payment history also might be removed if there aren't any reported payments for three consecutive months. This could happen if Experian Boost isn't able to maintain a connection to your account.

How to Sign Up for Experian Boost

You can sign up for Experian Boost and start adding your eligible auto insurance and bill payments by:

  1. Creating a free account: You can sign up for Experian Boost by creating a free Experian account. Or, if you already have an Experian account, you can get Experian Boost by logging in to your account and going to the Experian Boost page under the "Credit" tab at the top of the page or under "Tools" at the bottom of the page.
  2. Linking your bank account: Connect bank and credit union accounts that you use to pay eligible bills. Experian uses multiple methods to help keep your account and information safe.
  3. Choosing which bills to link: Experian Boost searches through up to two years' worth of account history to look for eligible bill payments. You can select which bills you want to add to Experian Boost. To qualify, you have to have made at least three payments in the last six months, and one of those was within the last three months.

Explore Your Experian Account's Other Features

Experian members receive many free features. In addition to Experian Boost, you can monitor your credit report and FICO® Score☉ for free. You can also use money management tools to track your finances, review credit card and personal loan offers based on your unique credit profile, and compare auto insurance quotes to see if you could save money by switching.

If you're thinking about opening a new checking account, the can help you build credit without debt by automatically linking to Experian Boost, which gives you credit for eligible bill payments after three months of payments. You'll also pay no monthly fees for Experian Smart Money, have access to more than 55,000 fee-free ATMs worldwide** and could receive your paychecks up to two days early when you enroll in direct deposit. You can get an Experian Smart Money Account through a free or paid Experian membership, which also gives you access to your FICO® Score, Experian credit report and more. See terms at experian.com/legal.

Does Experian Boost Include Auto Insurance? - Experian (2024)

FAQs

Does Experian Boost Include Auto Insurance? - Experian? ›

What types of insurance qualify? Experian Boost accepts most insurance payments, including home, auto, life and more.

Does car insurance count for Experian Boost? ›

Experian launched Experian Boost in 2019 and has added to the list of eligible payment types since then. Today, consumers can use Experian Boost to add several types of insurance payments to their credit report, including monthly auto insurance payments.

What is included in Experian boost? ›

Experian Boost is a free feature that can improve your FICO Score by adding household bill payments to your Experian credit report. Eligible accounts may include utility bills, cable, internet, streaming subscriptions, insurance and online rent payments.

How do I add utility bills to Experian boost? ›

Scroll down to the "Explore other actions" box on your account's dashboard page and click the "Add bills to Experian Boost" button. On the Experian Boost landing page, identify the checking or credit card account(s) you use to pay the recurring bills you want added to your credit report.

How to add auto insurance to credit? ›

Car insurance companies don't report your premium payments to the credit bureaus, so your policy won't appear on your credit reports. That said, you can get credit for on-time auto insurance payments on your Experian credit report by adding your insurance bills to Experian Boost®ø.

Do lenders care about Experian boost? ›

Experian Boost impacts multiple credit scoring models, so as long as your lender utilizes the most common versions of the FICO® Score and VantageScore®, they will see your boosted credit scores when they request your credit report from Experian.

Is car insurance included in credit score? ›

The short answer is no. There is no direct affect between car insurance and your credit, paying your insurance bill late or not at all could lead to debt collection reports. Debt collection reports do appear on your credit report (often for 7-10 years) and can be read by future lenders.

What are the disadvantages of Experian? ›

The main disadvantage of Experian is that, unlike FICO, it is rarely used as a stand-alone tool to make credit decisions. Even lenders that review credit reports in detail rather than go off a borrower's numerical score often look at results from all three bureaus, not just Experian.

Which lenders use Experian Boost? ›

These firms are Clydesdale Bank, EE, Nationwide, Santander, Three, Virgin Money, Vodafone and Yorkshire Bank. However, none of these ruled out the possibility of using Experian Boost when assessing customers in future.

What credit score is needed to buy a car? ›

Most used auto loans go to borrowers with minimum credit scores of at least 675. For new auto loans, most borrowers have scores of around 730. The minimum credit score needed for a new car may be around 600, but those with excellent credit often get lower rates and lower monthly payments.

What accounts should I add to Experian boost? ›

Which bill types qualify?
  1. Mobile and landline phone.
  2. Rent payments.
  3. Utility, including electricity, gas, water and waste management.
  4. Telecom, including satellite, cable and television.
  5. Insurance.
  6. Internet.
  7. Video streaming services.

Can I add my rent payments to Experian boost? ›

Experian Boost now includes your rent payments

And if users are ever late when making their tracked payments, that negative information isn't included.

How far does Experian Boost go back? ›

Experian can access up to 24 months of data from your accounts to add to your credit profile, so you have the potential to add two years of positive payment history in one fell swoop. However, you need a minimum of three months of payments within a six-month time period for Boost to do its job.

What bills build credit scores? ›

Paying utilities, rent and cell phone bills can help build credit if they're reported to the credit bureaus. If certain bills aren't reported to the credit bureaus, you can consider using a third-party service to report your payments.

Does Geico go by credit score? ›

Yes, Geico does use your credit score as a factor when determining your car insurance rates, as do most major insurers. However, credit checks by auto insurers do not harm your credit score and are only done in states where it is legal for your credit score to affect your rates.

How quickly can you improve your credit score? ›

Key takeaways. Improving your credit score takes time and regular payments. If you're starting with no credit, you might see improvements in a few months. However, fixing serious issues like bankruptcy can take over six years.

Is insurance included in credit score? ›

Are insurance scores the same as credit scores? No. A credit score is based on your ability to repay amounts you have borrowed.

Do car dealerships use Experian score? ›

What credit score do auto lenders look at? The three major credit bureaus are Experian, TransUnion and Equifax. The two big credit scoring models used by auto lenders are FICO® Auto Score and Vantage.

How to boost credit score with utility bills? ›

Utility companies typically don't report your payment history to the credit bureaus. But paying utility bills on time can help your credit score when you use Experian Boost. This tool specifically integrates gas, electric, water and other utility payments into your Experian credit report and scores.

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