While your risk score often determines your premium rates, shopping for car insurance, and paying car insurance premiums does not affect your risk score.
The insurance company will pull a copy of your consumer report, and an inquiry will be logged on your file. Certain hard inquiries associated with new loan seeking activity dampen your risk score. Credit risk scores ignore the inquiries logged in connection with insurance underwriting.
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The insurance company will pull a copy of your consumer report, and an inquiry will be logged on your file. Certain hard inquiries associated with new loan seeking activity dampen your risk score. Credit risk scores ignore the inquiries logged in connection with insurance underwriting.