By Russell Longcore
So, does shopping for insurance quotes lower your credit score?
The answer is “NO.”
There are two types of credit inquiries:
“Hard Pulls” – this refers to credit inquiries for acquiring credit as from a lender, credit card company or a merchant credit card.
“Soft Pulls” – this refers to inquiries made that review your credit score. This is the kind of “pull” that an agent or insurance company will do during the quote process. Soft pulls are not noted on your credit report except listing the name of the entity that made the request. But the Soft Pull does not lower your credit score.
So, you may be confident that shopping for insurance quotes will not lower your credit score. And it is very important to know that a good or high credit score can lower your insurance rates when you shop for insurance quotes.
Hot Tip: The trade group Independent Insurance Agents and Brokers Association (IIABA) finds that 85% of new insurance buyers will use the Internet for rate quotes and research before making a purchase. Start shopping online for insurance and allow excellent local insurance agents to contact you with the most competitive quotes for your insurance needs.
You could save hundreds of dollars per year through the insurance quote process. Many times, the new agent you choose will handle cancellation of your old policies and take care of all the paperwork. Shopping on the Internet for insurance quotes is easy, simple and FREE!! It does not cost you one cent to get an insurance quote. In a matter of minutes after you submit your request, agents will begin contacting you to complete your quotes. You could get better coverage for less money…it happens all the time.
Don’t waste time, and don’t spend more for coverage than you have to!
Quotes are always free…you NEVER spend a penny for a quote. And, there is NEVER any obligation to buy.
Article Source: http://EzineArticles.com/?expert=Russell_Longcore