Where Your Credit Score Can and Can’t Raise Your Insurance Costs

By Giulia CarbonaroSenior Housing ReporterShareNewsweek is a Trust Project memberSee more of our trusted coverage when you search.Prefer Newsweek on Googleto see more of our trusted coverage when you search.Lawmakers in several states are trying to change laws that allow insurance companies to access Americans’ credit histories to determine coverage costs, a practice that causes individuals with low credit scores to pay higher premiums.The practice is currently banned in a handful of states, but bills to prohibit the use of a customer’s credit history to determine their homeowners or auto insurance policies—or both—are pending in Iowa, New York, Oklahoma, and Pennsylvania.

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