Homeowners with bad credit pay 91% more in homeowners' insurancepremiums than those with excellent credit; and consumers withmedian 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 peoplewith excellent credit in 37 states and Washington, D.C. The highestincrease is in West Virginia at 208%, followed byVirginia (186%), Ohio (185%) and Washington, D.C. (182%).
The greatest differences between excellent and median creditwere observed in Montana (65%), Washington, D.C. (60%) and Arizona(55%).
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