Lower rate come renewal time?

[Redbull]

Hello,
I was just approved online under the High Risk Program. If my credit has improved come renewal time, could you possibly get me a better rate?

[Admin]

Credit score is not the only item reviewed when underwriting a bond. Therefore, if there are other items (e.g. Bankruptcy) that make you a "higher risk", an increase in credit score will not get you into a lower rate program. However, if your credit score is the only factor that puts you into the high risk program then you most certainly can be placed in a program with a lower rate at renewal time.

If you know your credit score has increased, your best bet is to contact your agent a couple of months prior to the renewal date to see if he/she can place it in a standard market.