Tips to Boost Your Credit That Could Lower Your Insurance Premiums

Tips to Boost Your Credit That Could Lower Your Insurance Premiums

Don’t just monitor your credit…take ownership of it.

More and more you hear that your credit rating can affect how much you pay for auto and home insurance. Have you ever wondered why? What do your spending history, credit cards and money habits have in common with insurance? The fact is, your credit rating has a significant impact on your insurance rates.

Insurance companies determine insurance rates by classifying people in groups; based on age, gender, location, accidents, violations, credit history and more. Research shows that as a group, people with lower credit scores pose a larger risk to the insurance companies that are protecting them. On the other hand, people who manage their credit tend to be more responsible and file fewer auto and home claims.

How Can I Improve My Credit Score?

It’s important to frequently monitor your credit score, so get yours, either online or by phone. You are entitled to a free credit report from each of the three major credit reporting agencies every year. To improve your score:

  • Pay your bills on time. Automatic bill pay might help you avoid missing deadlines.
  • Be aware of your total debt. Pay down any credit card balances so they are significantly less than half of your total credit limit.
  • The length of your credit history matters, so think twice before closing old accounts.
  • If you see an error on your report, take steps to have it removed ASAP.

You will be glad you made the effort to boost your credit score. Not only will you save on insurance premiums, but a good rating can lower interest rates on your credit cards and other loans.

Schedule Your FREE Insurance Review

TXINS offers complimentary insurance reviews to ensure you are getting the best coverage for yourself, your family, or your business. To schedule your review, contact us today at 800-541-9849 or via email. We look forward to hearing from you soon.

Did You Know?

– On May 20, 1932, the first solo flight by a woman across the Atlantic Ocean was made by Amelia Earhart.

– On May 14, 1804, Lewis and Clark, the great explorers began their trip up the Missouri River.

– May is National Strawberry Month (click here for a simple and delicious recipe for Strawberry Delight)

– Memorial Day was first celebrated on May 5, 1866, in Waterloo, New York.

Emergency Preparedness Tips

All households should have at least a three-day supply of water and food for all persons. Each person will require about a gallon of water a day. Pack in an emergency medical kit and include a whistle, which can be used to alert rescue and search party members if you or your family are trapped in a building or under debris. Store extra batteries for radios and flashlights with your food and water.

For a more comprehensive list, visit

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