Americans with Bad Credit Pay 35% More for Home Insurance | Money

Summary

The article discusses how credit plays a significant role in determining home insurance premiums in the U.S., with poor credit often resulting in higher premiums. Lee Maliniak of Matic explains that individuals with lower credit scores are charged more because they are more likely to file claims. The article also covers credit-based insurance scores and their differences from traditional credit scores, mentioning that states have enacted laws to limit the use of credit in insurance pricing due to ethical concerns. Tags: Personal finance, Types of insurance, Credit, Insurance, Credit score, Credit history, Home insurance, Lee Maliniak.