Poor Credit? Expect Higher Insurance Bills
Posted by Cary W Porter on
Poor Credit? Expect Higher Insurance Bills
Home owners' credit history may have a big impact on how much they pay for home insurance, according to a new study commissioned by insuranceQuotes.com. The study examined the average impact that a credit-based insurance score has on what owners pay for home insurance.
 Owners who have a fair – or median – credit score were found to pay 32 percent more for home insurance on average than someone with stellar credit, the study found. That's up from a 29 percent increase last year.
For those with poor credit, owners' premium may rise by an average of 100 percent, the study found.
According to insuranceQuotes.com, a credit-based insurance score is different from a credit score and is comprised of…
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