How to Lower Your Insurance Bill

How to Lower Your Insurance Premium & Avoid Becoming Assigned Risk

By Philip L. Franckel, Esq.

gold divider line

Get a Copy Of Your C.L.U.E. Report

A C.L.U.E. report is like a credit report that your insurance company uses to determine your premium or even if they will sell you insurance. Check the information on your C.L.U.E. report to make sure there are no errors that will cost you money. Find out how to get a copy of your C.L.U.E. report online free.

Do Insurance Companies Look at My Credit Report?

Insurance companies are now also looking at credit reports to determine premiums because they found that people with better credit scores have fewer claims. Consequently, if you have a poor credit report you may find yourself paying more for home, car, and motorcycle insurance.

It has been reported that 50-70% of credit reports contain serious errors. Request a copy of your credit report from all three credit reporting agencies, Equifax, Experian, and TransUnion, and notify all three agencies of any mistakes you find. You can get a free copy of your credit report once every 12 months at or you can call 1-877-322-8228.

Does Paying My Insurance Premium Late Affect My Rates?

Always make at least the minimum payment for your bills on time. Avoid using store-brand credit cards, because they report late payments immediately. Pay particular attention to your insurance bill. Insurance companies do not like customers who do not pay their insurance premiums on time and this may also affect your premium.

More Ways to Lower Your Insurance Premium

Don’t buy or use glass coverage and don’t use towing coverage if you didn’t have an accident

gold divider line

This article is for informational purposes only, should be considered advertising, is the opinion of the author and is not meant to provide legal advice which cannot be provided without formally retaining a lawyer.

You may link to this article or reprint this article if you include a link back to

gold divider line