{"id":4207,"date":"2017-05-05T00:00:00","date_gmt":"2017-05-05T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/bad-credit-can-triple-home-insurance-costs\/"},"modified":"2017-05-05T00:00:00","modified_gmt":"2017-05-05T00:00:00","slug":"bad-credit-can-triple-home-insurance-costs","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/bad-credit-can-triple-home-insurance-costs\/","title":{"rendered":"Bad Credit Can Triple Home Insurance Costs"},"content":{"rendered":"<p>\n<\/p>\n<div readability=\"47.852203647416\">\n<!--\n\n<pre>-->  \n  <div property=\"dc:description\" readability=\"43.588145896657\"><!--paging_filter--><p>Homeowners with a bad credit score can expect to pay double\u2014in some cases, even nearly triple\u2014what owners with solid credit pay for their <a href=\"https:\/\/amazingproperty.com.ng\/blog\/learn-about-homeowner-insurance-protect-your-home\/\">home insurance<\/a>, according to a new state-by-state study by insuranceQuotes.<\/p>\n\n<p>Policyholders with fair credit pay an average of 36 percent more than those with excellent credit, the study found. When a consumer&#8217;s credit is poor, premiums can more than double, increasing an average of 114 percent.<\/p>\n\n<p>\u201cMany consumers aren\u2019t even aware that, in most states, credit plays a significant role in determining how much you pay for home <a class=\"wpil_keyword_link\" href=\"https:\/\/amazingproperty.com.ng\/blog\/what-us-insurance-companies-offer-the-best-workers-compensation-insurance\"   title=\"insurance\" data-wpil-keyword-link=\"linked\">insurance<\/a>,\u201d says Laura Adams, senior insurance analyst of insuranceQuotes. \u201cSo, even if you don\u2019t plan on using credit to <a href=\"https:\/\/amazingproperty.com.ng\/blog\/borrow-money-for-real-estate-investing\/\">borrow money<\/a>, it still affects your finances.\u201d<\/p>\n\n<p>Consumers in these states saw the greatest spike in home insurance premiums when their credit was poor:<\/p>\n\n<ul><li>South Dakota: 288.1%<\/li>\n\t<li>Arizona: 268.6%<\/li>\n\t<li>Oklahoma: 248%<\/li>\n\t<li>Nevada: 235.3%<\/li>\n\t<li>Oregon: 234.9%<\/li>\n<\/ul><p>On the other hand, consumers in these states saw the smallest increase:<\/p>\n\n<ul><li>North Carolina: 0.2%<\/li>\n\t<li>Florida: 25.7%<\/li>\n\t<li>New York: 29.3%<\/li>\n\t<li>Wyoming: 43.9%<\/li>\n\t<li>Hawaii: 53.1%<\/li>\n<\/ul><p>The list excludes California, Massachusetts, and Maryland, which prohibit the use of credit scores when setting home insurance rates, the authors note.<\/p>\n\n<p>View the full report to see state-by-state rankings.<\/p>\n\n<p><em>Source: insuranceQuotes\u00a0<\/em><\/p>\n<\/div>\n  \n    \n<\/pre>\n\n<\/div>\n\n\n<br \/>[ad_2]\n<br \/><a href=\"http:\/\/feedproxy.google.com\/~r\/DailyRealEstateNews\/~3\/bL5ioZ9xwPI\/bad-credit-can-triple-home-insurance-costs\"> link <\/a>\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Homeowners with a bad credit score can expect to pay double\u2014in some cases, even nearly triple\u2014what &hellip; <a title=\"Bad Credit Can Triple Home Insurance Costs\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/bad-credit-can-triple-home-insurance-costs\/\"><span class=\"screen-reader-text\">Bad Credit Can Triple Home Insurance Costs<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":4208,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4],"tags":[4751,12908,543,1253,9813,3051,698,1007,41,818],"class_list":["post-4207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-amazing","tag-home","tag-home-buying-guide","tag-home-insurance","tag-home-insurance-premium","tag-homeowner","tag-insurance","tag-owners","tag-property","tag-real"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/bL5ioZ9xwPI","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/4207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=4207"}],"version-history":[{"count":1,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/4207\/revisions"}],"predecessor-version":[{"id":89904,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/4207\/revisions\/89904"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/4208"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=4207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=4207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=4207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}