this post was submitted on 17 Jul 2025
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Late Stage Capitalism

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[–] King_Bob_IV@startrek.website 5 points 9 hours ago (2 children)

And is irrelevant to the text above? They said their insurance went up not that their credit score changed.

[–] Passerby6497@lemmy.world 14 points 7 hours ago (1 children)

Wanna take a guess at one of the factors in how much you pay for insurance premiums in most US states?

For people with poor credit, buying a house can be challenging — and expensive. Once you find a lender that’s willing to offer you a mortgage, you’ll probably have a higher interest rate than someone with good credit. And you could also pay significantly more for homeowners insurance.

A NerdWallet rate analysis found that a person with good credit would pay $2,110 per year for homeowners insurance, on average. But in most states, someone with poor credit would see an average premium of $3,620 per year — over 71% more.

[–] Professorozone@lemmy.world 1 points 11 minutes ago

LOL. I have excellent credit and I pay nearly twice the higher figure.

[–] Sarmyth@lemmy.world 7 points 8 hours ago

The post title directly references credit scores. Its pretty relevant to respond to.