How important is a good credit history?
A. There are many advantages to maintaining a good credit history — getting a better price on insurance is just one of them. In today’s society good credit is more important than ever. A clean credit record will entitle a person to higher credit limits, lower interest rates on credit cards and more favorable interest rates on loans. Many landlords now perform credit checks before leasing an apartment and some employers investigate credit histories before making job offers. So whether buying a home, applying for a new job or looking for the best price on insurance, a good credit history will go a long way in helping a person realize their financial and personal goals. Q. If a person has bad credit, is there anything they can do to lower their auto or homeowners insurance premium? A. Insurance rates vary, depending on the insurance company, the coverage requested and whether the insurer uses insurance scoring (and to what extent). There are a number of things consumers can do to lower t
