The biggest impact to your insurance rate is your credit score. Many of you may not like it but, insurance companies have found that individuals who have had financial mishaps are more likely to have driving mishaps. This also holds true for renters and homeowners policy rates as well. Some individuals have only had financial hardships with a clean driving record, but will still pay the penalty for having poor credit. In these cases, their insurance quote will be much less than a person with tickets and accidents.
Home insurance is not spared when it comes to insurance companies charging higher premiums for a person with a lower credit. There is a reasonable explanation why this has been proven necessary. People that have excellent credit, but have taken on investment properties all with 1st and 2nd mortgages prove that they are willing to take higher risks. Though they have always paid their bill on time, they are not given the best rating. An insurance company will see that as a person willing to take on financial risk is also going to handle their properties in the same manner.
If your policy is about to be renewed or you are looking to buy insurance let the Leinweber Insurance Agency be your first stop. We represent multiple companies allowing us to find a company that is right for you. If you are a resident of Denver, Thornton, Westminster, Northglenn or Firestone give us a call and we will be more than happy to give you quote.