Mar 14, 2026
Research highlighted by Yahoo Finance indicates a significant correlation between consumer credit scores and home insurance costs. A study from the National Bureau of Economic Research found that in 2024, homeowners with the lowest credit scores paid approximately $550 more annually for identical coverage compared to those with the highest scores.
This payment difference represents a premium that is roughly 24% higher for the lowest-scoring group. The analysis notes that this disparity persists even when accounting for geographic location and disaster risk, suggesting factors beyond physical risk exposure contribute to the higher costs.
Insurance Burden Increasing More Rapidly for Lower Credit Groups
The financial pressure from insurance, measured as the share of mortgage payments dedicated to it, has grown more quickly for homeowners with lower credit scores. While this insurance burden was relatively stable from 2015 to 2019, it began rising for all groups in 2020.
Since that year, the burden for homeowners with very low credit has increased at an average rate of about 1.7 percentage points annually. This growth rate outpaces the increase experienced by homeowners with higher credit scores.
Industry practices often involve using credit-based insurance scores derived from credit reports to assess risk. Consequently, experts suggest that improving one’s credit score or comparing insurance options after an improvement may help reduce premium expenses.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional EditionPRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
- CONSUMPTION BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
- MARKET FORECAST TO 2035
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4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
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7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
- PRODUCTION BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
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8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
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9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
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11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition
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11.1
United States
- Market Size
- Production
- Imports
- Exports
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11.2
China
- Market Size
- Production
- Imports
- Exports
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11.3
Japan
- Market Size
- Production
- Imports
- Exports
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11.4
Germany
- Market Size
- Production
- Imports
- Exports
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11.5
United Kingdom
- Market Size
- Production
- Imports
- Exports
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11.6
France
- Market Size
- Production
- Imports
- Exports
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11.7
Brazil
- Market Size
- Production
- Imports
- Exports
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11.8
Italy
- Market Size
- Production
- Imports
- Exports
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11.9
Russian Federation
- Market Size
- Production
- Imports
- Exports
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11.10
India
- Market Size
- Production
- Imports
- Exports
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11.11
Canada
- Market Size
- Production
- Imports
- Exports
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11.12
Australia
- Market Size
- Production
- Imports
- Exports
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11.13
Republic of Korea
- Market Size
- Production
- Imports
- Exports
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11.14
Spain
- Market Size
- Production
- Imports
- Exports
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11.15
Mexico
- Market Size
- Production
- Imports
- Exports
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11.16
Indonesia
- Market Size
- Production
- Imports
- Exports
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11.17
Netherlands
- Market Size
- Production
- Imports
- Exports
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11.18
Turkey
- Market Size
- Production
- Imports
- Exports
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11.19
Saudi Arabia
- Market Size
- Production
- Imports
- Exports
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11.20
Switzerland
- Market Size
- Production
- Imports
- Exports
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11.21
Sweden
- Market Size
- Production
- Imports
- Exports
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11.22
Nigeria
- Market Size
- Production
- Imports
- Exports
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11.23
Poland
- Market Size
- Production
- Imports
- Exports
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11.24
Belgium
- Market Size
- Production
- Imports
- Exports
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11.25
Argentina
- Market Size
- Production
- Imports
- Exports
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11.26
Norway
- Market Size
- Production
- Imports
- Exports
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11.27
Austria
- Market Size
- Production
- Imports
- Exports
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11.28
Thailand
- Market Size
- Production
- Imports
- Exports
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11.29
United Arab Emirates
- Market Size
- Production
- Imports
- Exports
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11.30
Colombia
- Market Size
- Production
- Imports
- Exports
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11.31
Denmark
- Market Size
- Production
- Imports
- Exports
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11.32
South Africa
- Market Size
- Production
- Imports
- Exports
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11.33
Malaysia
- Market Size
- Production
- Imports
- Exports
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11.34
Israel
- Market Size
- Production
- Imports
- Exports
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11.35
Singapore
- Market Size
- Production
- Imports
- Exports
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11.36
Egypt
- Market Size
- Production
- Imports
- Exports
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11.37
Philippines
- Market Size
- Production
- Imports
- Exports
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11.38
Finland
- Market Size
- Production
- Imports
- Exports
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11.39
Chile
- Market Size
- Production
- Imports
- Exports
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11.40
Ireland
- Market Size
- Production
- Imports
- Exports
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11.41
Pakistan
- Market Size
- Production
- Imports
- Exports
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11.42
Greece
- Market Size
- Production
- Imports
- Exports
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11.43
Portugal
- Market Size
- Production
- Imports
- Exports
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11.44
Kazakhstan
- Market Size
- Production
- Imports
- Exports
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11.45
Algeria
- Market Size
- Production
- Imports
- Exports
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11.46
Czech Republic
- Market Size
- Production
- Imports
- Exports
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11.47
Qatar
- Market Size
- Production
- Imports
- Exports
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11.48
Peru
- Market Size
- Production
- Imports
- Exports
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11.49
Romania
- Market Size
- Production
- Imports
- Exports
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11.50
Vietnam
- Market Size
- Production
- Imports
- Exports
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LIST OF TABLES
- Key Findings In 2025
- Market Volume, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
- Market Value: Historical Data (2012–2025) and Forecast (2026–2035)
- Per Capita Consumption, by Country, 2022–2025
- Production, In Physical Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
- Imports, In Physical Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
- Imports, In Value Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
- Import Prices, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
- Exports, In Physical Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
- Exports, In Value Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
- Export Prices, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
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LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
- Market Value: Historical Data (2012–2025) and Forecast (2026–2035)
- Consumption, by Country, 2025
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
- Production, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
- Production, by Country, 2025
- Production, In Physical Terms, by Country: Historical Data (2012–2025) and Forecast (2026–2035)
- Imports, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
- Imports, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
- Imports, In Physical Terms, By Country, 2025
- Imports, In Physical Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
- Imports, In Value Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
- Import Prices, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
- Exports, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
- Exports, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
- Exports, In Physical Terms, By Country, 2025
- Exports, In Physical Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
- Exports, In Value Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
- Export Prices, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
Alice J. Roden started working for Trending Insurance News at the end of 2021. Alice grew up in Salt Lake City, UT. A writer with a vast insurance industry background Alice has help with several of the biggest insurance companies. Before joining Trending Insurance News, Alice briefly worked as a freelance journalist for several radio stations. She covers home, renters and other property insurance stories.