A Surprising Way Your Credit Score Could Be Costing You More

Key Takeaways Homeowners with very low credit scores paid about $550 more per year for home insurance in 2024 than those with very high scores. Insurance costs have risen faster for low-credit homeowners, with their insurance burden growing 1.7 percentage points per year since 2020. Improving your credit score—or shopping around if your score improves—may help lower what you pay for home insurance. Many people are aware that your credit score impacts your ability to get a credit card, mortgage, or ...