Secret Tips Insurers Don't Want You Considering

Understand the Impact of Your Credit Score

Many insurers use credit scores as a factor in determining premiums, particularly for auto and home insurance. A higher credit score often translates to lower premiums, as insurers associate it with a lower risk of filing claims. By improving your credit score, you can potentially reduce your insurance costs. A study by the Federal Trade Commission found that credit-based insurance scores significantly affect the premiums charged by insurers³.