Is Car Insurance Credit Checked?
16470 POINTSview profileDavid OsgoodAgent, Rural Mutual Insurance Co., Union Grove, WIWhen you are applying for auto insurance coverage most if not all insurance carriers will do what is called a soft pull of an insured's credit score. This soft pull normally will not adversely affect a persons credit rating. Credit score is only one part of the many factors that are taken into consideration when your rate is calculated.Answered on August 21, 2013flag this answer
475 POINTSview profileMichael PelfreyOwner/Agent, Pelfrey Financial Services, Lexington, KYIn addition to a credit check, insurance companies will also receive a report from a company that keeps track of insurance claims from almost all companies. If you have filed a claim or received a moving violation, the information will be reported to this agency. This is done to help insurance companies accurately assess each individual. If you are turned down for insurance based on information provided by the agency, you have the right to the a report, just as if you are turned down for credit.Answered on November 25, 2013flag this answer
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