When shopping for insurance, know your credit score

I've written a couple tips about shopping for insurance as a way to determine if your insurance premiums are in line with the current market, and to also make sure you have exact policy coverages quoted by each agent. Knowing your credit score before starting this process will be very helpful. Credit information is acquired to help the insurance company determine your premiums.

Check your credit score periodically and correct any errors. Then when shopping for insurance, if they state you received a higher rate due to your credit score, you’ll know whether they received an accurate report.

And when you're talking to insurance agents about your coverage, ask them whether you'll need to list everything you lost if you experience a theft, fire or natural disaster. Their answer will be, without pause, "Yes."