Slashing Homeowners Insurance Costs With Secret Insider Tips
Maintain a Good Credit Score
Your credit score can significantly impact your homeowners insurance rates. Insurers often use credit-based insurance scores to assess risk, and a higher score can lead to lower premiums. According to a study by the Federal Trade Commission, individuals with poor credit can pay as much as 91% more for homeowners insurance than those with excellent credit5. Regularly monitoring your credit report and taking steps to improve your score can be a long-term strategy for reducing insurance costs.