How affordable the home insurance quote you attract is is partly determined by your credit rating. The poorer your credit rating, the higher the rates you get. A bad credit rating means that you have not been paying your bills promptly. An insurance company interprets this to mean that you’re not financially very responsible and will likely default in paying your premiums. If you’re seen as a likely defaulter, it makes you a bigger risk and attracts much higher rates than otherwise.
Therefore, it will do you much good to clear all your bills promptly. Apart from the other benefits in doing so, it will ensure you get cheaper home insurance premiums.
