Nov

23

Number of Credit Checks Affect Credit Rating? What if I’m shopping for car Insurance?

Filed Under Credit | 6 Comments

sillygoose wrote:


Hi, my question says all of it for the most part. If the number of credit checks in the past sixth month can negatively affect my credit rating, what if I’m shopping for car insurance and i’m getting quotes left and right? All insurance companies are checking my credit report when they run my quote. Wouldn’t that be unfair if that lowers my credit score?
Thanks!

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Feb

15

Do they run a credit check when you shop around for car insurance?

Filed Under Credit | 5 Comments

Fly girl wrote:


If so, does that credit check count towards the number of credit inquiries you have in a given period (negatively)?

I have a good credit history and I want to shop around for car insurance again, even though I will probably not get lower than what I already have. Will this hurt me creditwise?
I’m referring to the number of times you apply for credit. When you apply for credit, they run a credit check and it is unfavorable if someone has a lot of credit checks in a certain time period. I wonder if the same holds true for car insurance?