Do you need good credit to qualify for renters insurance?

I have to get renters insurance for a townhome I’m moving into, but my credit score isn’t the greatest since I’ve had problems in the past with repaying debt. Will my middling credit score keep me from getting insurance?

Answer
“Good credit is not necessary to qualify for renters insurance; however, your credit rating can impact your premiums. The better your credit rating is, the better the insurance score you’ll have, which will give you the best premiums possible.
Conversely, if your credit is not favorable, a surcharge may be applied to your insurance policy, making it more expensive than it typically would be. “
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Alexah Grinnell
Answered on Apr 07, 2021
Alexah Grinnell has been working in the insurance industry for 5 years with a primary focus of coverage consulting in the sales department. She has been working for Jerry Insurance since July of 2019 and has also has experience working for AAA and State Farm. She currently lives in Rochester, NY with her husband and 3 kids
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