Cheaper Homeowners Insurance — Your Credit Rating; Your Rate
August 20, 2009 3:31 am HomeHere is something that makes or mars your quest for cheaper homeowners insurance – Your credit rating. Your rate is partly determined by your credit rating. The lower your credit rating, the higher the rates you attract. If your credit rating is poor then you’ve NOT been faithful in paying up your bills. No insurer likes this as it shows a behavior you are very likely to repeat in the payment of premiums. This makes you less attractive to them and you, therefore, are made to spend much more than someone else with the same profile that has an excellent rating.
Therefore, it will do you much good to pay all your bills once they are due. Apart from the other benefits in doing so, it will ensure you get lower home insurance rates.
