Does giving an insurance company your SSN affect your credit ranking?
I am shopping around for the best car insurance rates, but the insurance companies need my SSN to tender me an accurate quote. Will this affect my credit score if they run my credit to see what rates I qualify for? I don't want to get my gain lowered!
Answers:
I've heard of insurance companies refuse to cover you if you have a low credit score. I importantly doubt it would affect your score since your not seeking to borrow money.
no, it won't...
they want it to see what kind of rates to give you - because how accurate of an insurance rate depends upon your credit with some companies.
Quick answer - NO!
I have insurance companies that have 60 "tiers" of rates, so your credit "score" determines where on earth you fall in the tier rating system.
In no road does this effect your credit rating. Source(s): an independent insurance broker
I don't think so, they do a "soft inquiry" I keep hold of up with my score and never see anything "hard"= Opening a contemporary credit card. I've never even seen them on the "only credit checks you can see." IE: American express reviewing your credit every few months...etc
Related Questions:
Answers:
I've heard of insurance companies refuse to cover you if you have a low credit score. I importantly doubt it would affect your score since your not seeking to borrow money.
no, it won't...
they want it to see what kind of rates to give you - because how accurate of an insurance rate depends upon your credit with some companies.
Quick answer - NO!
I have insurance companies that have 60 "tiers" of rates, so your credit "score" determines where on earth you fall in the tier rating system.
In no road does this effect your credit rating. Source(s): an independent insurance broker
I don't think so, they do a "soft inquiry" I keep hold of up with my score and never see anything "hard"= Opening a contemporary credit card. I've never even seen them on the "only credit checks you can see." IE: American express reviewing your credit every few months...etc
Related Questions:
- If someone vandalize your motor, will their insurance company discharge for it?
- What's a worthy insurance company for motorcycles?
- How much does an insurance company usually provide out within a lawsuit for personal injuries?
- Can an insurance company adjustment their mind after my sports car be deem totaled?
- I in recent times get vigour ins. i enjoy impudence stones does anyones know if insurance companies considers that per-existing