📚 Friday Insurance Tip from Evertrust Insurance Agency
**Did You Know? Improving Your Credit Could Lower Your Insurance Premium!**
Here’s something worth knowing before your next policy renewal:
Most insurance carriers in Tennessee use what’s called a **credit-based insurance score** when calculating your premium. This is NOT the same as your FICO credit score — it’s a separate calculation based on your credit history that insurers use to predict claim likelihood.
The good news? You have more control over this than you think.
**Here are 3 simple steps that can positively impact your credit-based insurance score:**
1️⃣ **Pay bills on time, every time.** Payment history is one of the biggest factors in any credit calculation. Set up autopay if you have to!
2️⃣ **Lower your credit utilization.** Try to keep your credit card balances below 30% of your limit. Even small reductions can move the needle.
3️⃣ **Ask your insurance agent for a re-rate.** If your credit has improved since you first got your policy, your insurer may not automatically lower your rate — you have to ask! Some carriers will re-run your score at renewal.
💡 **Pro Tip:** Shopping your policy with multiple carriers after a credit improvement is often the fastest way to see savings. Different insurers weight credit differently, so the quotes can vary significantly.
Want to know if YOUR credit history is affecting your current premium? The Evertrust team is happy to walk you through it — no cost, no pressure.
📞 (615) 719-3049
🌐 https://evertrusttn.com
📍 Evertrust Insurance Agency — Nashville, Tennessee
*Disclaimer: Credit scoring practices and their impact on insurance premiums vary by carrier and are subject to state regulations. This content is for general educational purposes. Consult a licensed Evertrust agent for advice tailored to your specific policy and situation.*
Photo by Blake Wisz on Unsplash