I just turned 25 and I'm tired of getting hosed on my premiums. I want to start shopping around but I know that the insurance companies check your credit score. What's the best way to go about getting quotes?
2006-07-16 14:15:09 · 0 answers · asked by leedogg1981 3 in Cars & Transportation ➔ Insurance & Registration
If you are only getting a quote for insurance , then no it does not have a effect your credit score. The only time your credit score is affected is each time a credit check is done, plus, any business that wants to do a credit check is required by federal law to ask for your permission and they must have your social security number in order to get the results on the right person. A friendly tip on insurance quotes, shop at the "one company" insurance agencies like state farm, allstate, nationwide, etc. stay away from independent insurance agents.
Gillian G. and Silverstang ...........YES, each time a inquiry is done on your credit. YOU LOOSE POINTS ON YOUR BEACON SCORE.
2006-07-16 15:56:09 · answer #1 · answered by bobby 6 · 1⤊ 0⤋
If they actually pull your credit, then YES your credit will be affected. Each time your credit is pulled it takes away from your beakon score. Normally an insurance quote does not require a credit check so you should be ok if they don't pull your credit.
2006-07-17 15:35:29 · answer #2 · answered by daango26 2 · 0⤊ 1⤋
Just by them looking at your credit score does nothing. It won't hurt anything at all. Is best to do that anyways, maybe ask them if you can view too to make sure your stuff is straight.
2006-07-16 14:20:00 · answer #3 · answered by Silverstang 7 · 0⤊ 0⤋
HEY, you've seen the lizard. Listen to the little guy. (he's green)
Getting a quote won't hurt your credit score. Are you kidding? At 25 you don't have any credit.
2006-07-16 14:19:20 · answer #4 · answered by Anonymous · 0⤊ 1⤋
you lose one point for an inquiry
2006-07-16 16:54:22 · answer #5 · answered by Anonymous · 0⤊ 2⤋
I would not think so.
2006-07-16 14:19:08 · answer #6 · answered by Bear Naked 6 · 0⤊ 1⤋
i do not think so
2006-07-16 14:21:29 · answer #7 · answered by afvet3471 4 · 0⤊ 1⤋