Insurance glow-up: How to increase your insurability and lower your rates

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Bob Phillips

Personal Finance Writer

Bob Phillips is a personal finance writer whose expertise in insurance and investments has been developed through over fifteen years as an advisor/tr…

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Ross Martin

Insurance Writer

  • 4+ years in the Insurance Industry

Ross joined The Zebra as a writer and researcher in 2019. He specializes in writing insurance content to help shoppers make informed decisions.

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Susan Meyer

Senior Editorial Manager

  • Licensed Insurance Agent — Property and Casualty

Susan is a licensed insurance agent and has worked as a writer and editor for over 10 years across a number of industries. She has worked at The Zebr…

When you’re buying insurance, the term "insurability" often surfaces. Insurability is essentially how low-risk you appear to insurance providers. It can impact not only whether or not you are offered a policy, but also how much you will pay.

As you're shopping for car, home or life insurance, there are some rating factors outside of your control. But there are a lot of things you can control. And those things can make a big difference.

Enter: the insurance glow-up. A glow-up in this context doesn't involve skincare or fashion; it's about enhancing your appeal to insurers, and helping you secure lower premiums for life, home and auto insurance. Here's how you can achieve that.

Auto insurance: Steering towards savings

With auto insurance, the roads to lower premiums are paved with safe driving habits, wise vehicle choices and an awareness of available discounts.

These factors go a long way in determining the rate you pay, as they reflect your risk level to insurers. By adopting a proactive approach to driving and vehicle selection, and by leveraging discounts intelligently, you can significantly reduce your auto insurance costs. 

Here’s a closer look at how to implement these strategies to arrive at more manageable premiums.

  • Drive safely: Your driving record is a critical factor in your auto insurance rates. Avoiding accidents and traffic violations can lead to lower premiums. If you're a particularly awesome driver, consider a telematics-based policy
  • Choose your vehicle wisely: The make, model and safety features of your vehicle can impact your insurance costs or if you can even find insurance. (Drivers of several Kia models already know this one.) Opt for cars with high safety ratings and features like anti-lock brakes and airbags. 
  • Take advantage of discounts: Many insurers offer discounts for things like having multiple policies with them, driving less than a certain number of miles annually and completing defensive driving courses.
  • Improve your credit score: In many states, your credit score can be considered as a rating factor for car insurance. 

Home insurance: Protecting your castle for less

Securing affordable home insurance isn't just about finding the right insurer; it's about presenting your home as a low-risk investment. This strategy involves a blend of enhancing physical security, making structural upgrades and showcasing financial prudence.

These improvements not only protect your home from potential threats but also signal to insurance companies that you're a conscientious homeowner. 

By taking these steps, you can turn your home into a fortress of savings and security.

  • Upgrade your home's security: Installing security systems, smoke detectors and deadbolt locks can not only make your home safer but also more appealing to insurers.
  • Disaster-proof your property: Depending on your location, enhancing your home to withstand natural disasters—like storm shutters for hurricanes or seismic retrofitting in earthquake-prone areas—can lower your premiums.
  • Maintain a good credit score: Much as with car insurance, a good credit history can affect your home insurance rates positively.

Life insurance: Making yourself a lower risk

When it comes to life insurance, your personal and financial health play pivotal roles in determining your premiums. It's an area where taking proactive steps toward a healthier, more stable lifestyle can translate directly into financial savings. (And as a bonus, you live longer!)

By enhancing your overall well-being and demonstrating financial responsibility, you not only increase your insurability but also unlock the potential for more favorable premium rates. 

Here are three ways you can significantly elevate your standing in the eyes of life insurance providers.

  1. Maintain a healthy lifestyle: Insurers often gauge your health status through medical exams or health questionnaires. A healthier lifestyle can lead to lower premiums. Regular exercise, a balanced diet and abstaining from smoking can significantly improve your rates.
  2. Manage chronic conditions: If you have chronic health issues, showing that you're managing them effectively through regular doctor visits and adherence to treatment plans can positively impact your premiums.
  3. Financial stability matters: Life insurance providers also consider your financial health. A strong credit score and a stable income make you a less risky prospect.

Glow-up strategies for all insurance types

While there are many variables that affect the costs of life, home and auto policies, there exist powerful strategies that universally apply, offering a golden opportunity to not just fortify your coverage but also to significantly trim costs.

These cross-cutting strategies leverage financial savvy, proactive comparison shopping and informed decision-making to improve your appeal to insurers and, provide the ultimate insurance glow-up.

Embracing these six tactics can give you an advantage as you navigate the insurance market, making you well-equipped to secure the best possible terms across all your insurance needs.

  1. Improve your credit score: A strong credit score is a universal sign of reliability, influencing premiums across life, home and auto insurance. Not all states allow the use of credit score as an insurance rating factor. 
  2. Shop around: Don't settle for the first quote you receive. Comparing rates from different insurers can uncover more affordable options.
  3. Consider higher deductibles: Opting for a higher deductible can lower your premiums. Just be sure you can afford the deductible if you need to make a claim.
  4. Bundle your policies: Buying multiple insurance policies from the same company can often secure you a discount.
  5. Review your coverage regularly: Life changes, such as paying off a mortgage or a change in driving habits, can affect your insurance needs and costs. It's important to review your coverage frequently so you can reap the rewards of some of these insurance milestones
  6. Educate yourself: Understanding the factors that affect your premiums and actively managing them can lead to significant savings.

Wrapping up

Your insurance glow-up is a journey of strategic improvements to your lifestyle, financial health and property. By making yourself a lower-risk prospect to insurers, you can enjoy the dual benefits of enhanced coverage and lower premiums. Start with small, manageable changes and gradually build up to more significant enhancements. Your wallet—and peace of mind—will thank you.