Does Credit Score Affect Home Insurance Rates? 
Some insurance carriers may use a credit score for rating purposes . Most of the insurance carriers in my state -LRB- New York -RRB- use a ` credit profile ' which means they access one of the big three credit bureaus and select specific items . What they select , how they interpret the data , and how it affects your premiums is not available for your scrutiny . In NY , credit profile is mostly used for new business quoting purposes for home and auto insurance . Carriers in NY load in a whole bunch of rating info when determining your premium - gender , age , marital status , own or rent your home , driving extract , # of years licensed , prior claims on home and/or auto policies , is your prior carrier preferred , standard , or substandard , distance driven to work , pleasuire or business use , and a lot more . Keep your ` credit profile ' and score as clean as possible . Most banks and credit unions have credit specialists who can advise you for free on how to do this . For example , pay all bills ahead of time if possible and always pay more than the minimum amounts . Do n't have credit lines totaling more than a certain % of your gross annual income , etc. . Credit profile is a major influence when getting insurance quotes . I know of no ` proof ' credit profile is a determinate of loss potential , but using credit profile for insurance rating is the way of the world . 