Will getting quotes from car insurance companies affect my credit score?
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.
