This entry was posted on Saturday, August 29th, 2009 at 6:26 am and is filed under New Car Quotes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Copyright 2009 - New Car Prices Online
3 Responses to “Will getting quotes from car insurance companies affect my credit score?”
By Leticia S on Aug 29, 2009 | Reply
any inquery will hurt your score by as much as 2 points. not only car insurance, if your getting those credit card pe-approval offers in the mail THEY ARE ALSO checking your credit score you need to call them and have your information removed from their system.
but you need to find out if its a soft or hard inquiry. Hard ones are like the ones that hurt your score the most. i believe soft inquierys wont hurt your score as much but it will make an impact
By sheloves_dablues on Aug 31, 2009 | Reply
How do you think that would happen?
Requesting information on the cost of insurance has nothing to do with your credit.
By Mel on Sep 3, 2009 | Reply
Getting an insurance quote will not affect your credit score in most cases. When you are looking for a car loan it can.
Does getting rate quotes affect your credit score since the insurance companies check your credit history?
Many insurance companies do check credit scores when determining insurance rates. It is true that credit rating companies such as Experian, Trans Union and Equifax have been known to use inquiries towards your credit report to impact your credit score. Those queries that affect your credit score are queries for obtaining credit NOT inquiries that review your credit (like an insurance quote) or use credit as a portion of your insurance score.
Myth: Credit card offers are hurting your score. Credit card solicitations, while annoying, don’t affect your score. That’s assuming you don’t respond to the solicitations and use all of the credit that’s available to you.