Overhaulin'

Does getting quotes from car insurance companies lower your credit score?

I've heard that everytime you apply for a credit card, get insurance quotes, etc. your credit score gets lowered. Is this true? If so, how much?

Public Comments

1. No it does not lower your credit score but the insurance companies are using your credit score to determine how much of a risk factor you are to them.
2. a credit card, YES, i does drop it like 5 to seven points. insurance quotte i do not know about. However i think that it is discrimination that insurance companies are now using that information to screw you over, Just another excuse to raise your rates.
3. No it does not. While insurance companies do look at a persons credit now to help set rates, this is a soft pull and has no affect on your credit score.