Does looking for insurance hurt your credit?

+1 vote
asked Nov 27, 2018 in Insurance by NEF2mn (270 points)
Does looking for insurance hurt your credit?

1 Answer

0 votes
answered Nov 27, 2018 by Alinianon (1,240 points)
When you look for auto insurance or other insurance and get quotes from either online or through an insurance office the insurance company will pull up your credit report to check your credit rating and credit score to determine your insurance rates on both auto insurance, home owners insurance, renters insurance etc.

However the Inquiry that the Insurance company pulls on your credit rating will not harm your credit like hard inquiries for loans, mortgages etc would.

So no looking for auto insurance or any other types of insurance will not harm your credit score.

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