Brocker.Org: Poor credit can cost you as much as 288% more on this insurance

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Experts say this is another reason why it’s smart to shop around for homeowners insurance.

“Insurers don’t always use the same methodology in utilizing credit scores, and it pays to shop around, ask an insurance agent, or also talk to your state insurance department about the use of credit scores,” said Kochenburger.

Improving your credit can help you see better offers the next time you re-shop your insurance, said Loretta Worters, a vice president at the Insurance Information Institute.

“To protect your credit, pay bills on time, don’t obtain more credit than you need and keep your credit balances as low as possible,” she said.

Look for other opportunities to cut premiums, too. Purchasing your home and auto insurance from the same insurer may help get you a 5 percent to 15 percent discount on your premium, said Worters. Home improvements, like a home security system, can also yield better rates.

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