Since auto insurance companies check credit if you ask for quotes from 5 or 6 companies will your credit score be affected

Answers:4   |   LastUpdateAt:2012-08-06 15:34:46  

Question
Ede
Asked at 2011-12-10 09:47:25
Since auto insurance companies check credit if you ask for quotes from 5 or 6 companies will your credit score be affected
Answer1AlgernoAnswered at 2011-12-10 23:37:30

response

Most insurance companies do a credit check , however , is like a "soft coup ", similar to what the credit card companies do when you send a letter of pre -approved in the mail. It has no effect on your credit score. Also companies do not actually look in his report , when running a budget pulling forward the report information and allows the company to give you an " insurance score " based on driving record and the things found in the report, these vary by company . The insurance score and then set the base price and premiums and then go down depending on what type of coverage you select.

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