Does request of Auto insurance quote have any negative effect ?
slowman asked:
My current auto insurance is All State. I am looking for a new insurance of similar policy with lower cost. want to shop online and see if there is better deal. Does request auto insurance quote have any negative effect in my credit ( they need to pull my credit scores, i have a very good one), or any other negative effects.
thanks very much!
Is this the cure for acne?
My current auto insurance is All State. I am looking for a new insurance of similar policy with lower cost. want to shop online and see if there is better deal. Does request auto insurance quote have any negative effect in my credit ( they need to pull my credit scores, i have a very good one), or any other negative effects.
thanks very much!
Is this the cure for acne?
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Many insurance companies do pull credit scores, but it is considered a “soft hit”. This means it doesn’t pull through as an inquiry when you are trying to get a line of credit.
If your credit is as good as you say, Allstate will actually be hard to beat. But shop away! You have nothing to lose.
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No – an auto insurance quote legally cannot affect your credit score as it is simply a request for information. Many companies do check your credit though. Some companies (like the one I work for) will send you a letter if your credit presents an “adverse underwriting situation” – which means that they will charge you a higher rate because you’re credit isn’t up to snuff.