Reader’s Question:

Does getting insurance rate quotes affect your credit rating since the insurance providers check your credit record in Pittsburgh?

Cris

Pittsburgh, PA

Many insurance providers in Pittsburgh do check credit records when determining auto insurance rates. It is true that credit rating companies such as Trans Union, Experian and Equifax have been known to use inquiries towards your credit history to affect your credit score. Those information that affect your credit score are information for getting credit NOT inquiries that review your credit such as car insurance quote or use credit as a portion of your insurance score.

Usually developed credit scores recognize when a consumer is try to purchase for insurance and either ignore multiple questions or count them as only one question if they occur within a specific period of time.