Compare auto insurance


Libra : If  I am shopping for an auto insurance quote that will NOT effect my credit (score) in any way, right?

Compare auto insurance and credit insurance.

Response :When you compare auto insurance quote or review car insurance remember that credit rating is important for auto insurance. You can opt and get all the auto insurance discounts but still not get a low auto insurance rate. Remember that it is a wrong myth that if you compare auto insurance quotes your credit score is affected.

Libra, you are right with the fact that insurance companies do look at the credit score before they underwrite and rate an auto insurance policy.  Some insurance companies refuse you insurance if your credit score is not good. On the other hand if your credit is good than your car insurance premium can also reduce by 50%.

Now coming to the point of whether your credit score is affected in any way than let me reassure you that this is not the case. If you are applying for a line of credit or a credit card or a loan and a credit enquiry is done for the same, your credit score will certainly be affected which is a hard hit. The hit which is made by the insurance company is considered a soft hit, which will not affect your credit rating.

The bottom line is this; your credit scores can affect your insurance rates. It is true in most states that the better your credit score, the lower your auto insurance premiums will be. You can compare for free, quickly and conveniently without any obligations the multiple quotes offered online and narrow down your search to the cheapest quote. Once you have the two cheapest quotes you can make enquires about the coverage and the insurance company before you decide with whom to insure.

Thanks.

Kamlesh


Share and Enjoy:
  • services sprite Does online auto insurance quote comparing affect your credit rating?
  • services sprite Does online auto insurance quote comparing affect your credit rating?
  • services sprite Does online auto insurance quote comparing affect your credit rating?
  • services sprite Does online auto insurance quote comparing affect your credit rating?
  • services sprite Does online auto insurance quote comparing affect your credit rating?
  • services sprite Does online auto insurance quote comparing affect your credit rating?
  • services sprite Does online auto insurance quote comparing affect your credit rating?
  • services sprite Does online auto insurance quote comparing affect your credit rating?
  • services sprite Does online auto insurance quote comparing affect your credit rating?
  • services sprite Does online auto insurance quote comparing affect your credit rating?
  • services sprite Does online auto insurance quote comparing affect your credit rating?
  • services sprite Does online auto insurance quote comparing affect your credit rating?
  • services sprite Does online auto insurance quote comparing affect your credit rating?
  • services sprite Does online auto insurance quote comparing affect your credit rating?


Compare auto insurance

Tagged with:

Filed under: Effect on Auto RatingLow Auto Insurance ratesOnline Auto InsuranceReview Car Insurance Coverage

Like this post? Subscribe to my RSS feed and get loads more!

Possibly related posts