Establishing a solid credit history can cut your insurance costs. Insurers are increasingly using credit information to price homeowners’ insurance policies. To protect your credit standing, pay your bills on time, don’t obtain more credit than you need and keep your credit balances as low as possible. Stay with the same insurer If you’ve kept your policy with a company for several years, you may receive a special discount for being a long-term policyholder. But make certain to periodically compare this price to ensure that you are getting the most competitive price.

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