Comments on: Will getting quotes from car insurance companies affect my credit score?

By: Mel

Mel — Thu, 03 Sep 2009 11:49:28 +0000

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.

By: sheloves_dablues

sheloves_dablues — Mon, 31 Aug 2009 02:04:36 +0000

How do you think that would happen?

Requesting information on the cost of insurance has nothing to do with your credit.

By: Leticia S

Leticia S — Sat, 29 Aug 2009 21:33:20 +0000

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