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Question: Can getting on-line auto insurance quotes adversely affect one's credit history?

(Posted by: Malcom M on 2007-04-30 13:11:25)

Since insurance companies do pull one's credit history. Thanks. GG_007

Posted by: CarMan on 2007-04-30, 14:47:23

Some insurance companies pull credit reports, some don't. Some who do only pull it during the purchase process, not the quote process. Typically, credit inquiries by insurance companies are considered "soft " inquiries and do not affect credit scores. Therefore, it's not something to be concerned about.

Posted by: Jo on 2007-04-30, 13:19:20

I was told by a financial analyst that every time your credit is run it lowers your credit score.

Posted by: theflynnmom on 2007-04-30, 13:20:30

No, absolutely not. The only thing that affects your credit history adversely is late credit payments, defaulting on loans, or declaring bankruptcy.

Posted by: Klaas K on 2007-04-30, 13:21:18

No, getting quotes does not affect your credit history because it's just a quote, nothing more. It's not a contract or anything like that.

Posted by: regerugged on 2007-04-30, 13:22:03

I think you mean "credit score. " Credit history is borrowing and paying back. I recently applied for a home equity line of credit. Two reasons listed for my score being less than perfect were "length of accounts " and "too many inquiries in the past 12 months. " I have no idea as to who was inquiring, when or why. I got the line of credit and decided to leave the credit report alone.

Posted by: Gillian G on 2007-05-03, 15:34:19

No, it does not affect your credit score. When auto insurance companies do a credit check they do it through a third party and so they do not see your personal details. This is all explained on this website. I hope this helps. Good luck!