Homeowners with bad credit pay 91% more in homeowners' insurance premiums than those with excellent credit; and consumers with median credit pay 29% more than those with excellent credit, according to a new study by InsuranceQuotes.com.
People with poor credit pay at least twice as much as people with excellent credit in 37 states and Washington, D.C. The highest increase is in West Virginia at 208%, followed by Virginia (186%), Ohio (185%) and Washington, D.C. (182%).
The greatest differences between excellent and median credit were observed in Montana (65%), Washington, D.C. (60%) and Arizona (55%).
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