06/17/2026
tip: The cost of your home and auto insurance premiums are connected to your credit score, as well as your insurance history and other risk factors.
In other words, most consumers have a Credit-Based Insurance Score that affects their coverage options and premium pricing.
Things that affect your scores include:
• Major negative items - bankruptcy, collections, etc.
• On-time payment history
• Length of credit history
• Home ownership - whether you own or rent
• Number of credit inquiries and open lines of credit
• Type of credit in use - major credit cards, personal loans, etc.
• Outstanding debt - how much you owe vs. your availavble credit
When you receive your policy renewals, read through all the disclosures. Any credit info that affected your premium costs should be itemized. Reach out to your ins agent if you have questions about your coverage or costs!