Will Getting Car Insurance Quotes Online Ruin My Credit?

By Mike Anderson Posted in Car Insurance News



It’s easier than ever to shop for the lowest car insurance premiums today. That’s because the Internet allows consumers to compare several different auto insurance policies in minutes. But some consumers worry that all this shopping will hurt their credit. Fortunately, getting car insurance quotes online will have no negative impact on your credit at all.

When you request a quote from a car insurance company, the insurer will take a quick look at your credit score. This score, which distills your history of managing money and paying your bills into a single figure, tells insurers a bit about how responsible you are. The higher the credit score — anything above 720 is considered outstanding — the more responsible you’ve been with your finances.

A Soft Hit

When car insurance companies look at your credit score, it’s what is known as a “soft hit.” This means that it does not cause your score to go down, no matter how many insurance companies look at it. “Hard hits” are what impact your credit score. For a consumer, this means that it’s perfectly acceptable to ask for insurance quotes from as many insurers as possible. In fact, this is advisable. Shopping around is the best way to get the lowest car insurance premiums possible.

How Your Premium Is Set

Insurers look at a host of factors when determining your car insurance premium. If you have a good driving record with no speeding tickets or accidents, your premium will be lower. It’ll be lower, too, if you commute to work on the train instead of drive to your job every morning in your car. You can also lower your premiums by buying a security system for your car and by taking out homeowners and life insurance policies with the same company from which you buy your car insurance.

Don’t be afraid to shop for the best premiums: It won’t hurt your credit score.

Description: Here’s a secret: Asking for car insurance quotes won’t hurt your credit!

Related posts:

  1. Will My Credit Score Be Used In An Auto Or Car Insurance Quote?
  2. How Does My Credit History Affect My Car Insurance Coverage Rate?
  3. What Car Insurance Companies Do Not Base Premium On Credit?
  4. How Can I Lower My Monthly Car Insurance Premium?
  5. Where Can I Find A Free Online Car Insurance Quote?






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