Comments on: Does Getting an Auto Insurance Quote Hurt Your Credit Score?

By: jms

jms — Mon, 15 Aug 2011 05:01:27 +0000

Not true- Today I get a hard pull dropping my credit score by 35 points from researching an insurance quote bt elephant.com. Tomorrow it’s direct contact to Equifax and ELEPHANT as well as my local law enforcement agencies- any way to screw us all is in effect.

By: Damn Politicians!

Damn Politicians! — Fri, 07 Jan 2011 20:05:09 +0000

You are soooo rite. My blood pressure is through the roof now after reading everyone’s experiences. I’m afraid to to even shop for insurance now.

By: Michael

Michael — Tue, 05 Oct 2010 13:16:35 +0000

I have been driving for 34 years with 1 small accident (I caused) about 25 years ago. Nothing my fault since then. Now, I consider myself a VERY SAFE driver.
Good paying jobs are hard to find. Companies are cutting jobs right and left. This is the true reason for bad credit. I do not believe people stop paying bills are doing it on purpose. I am unemployed; food comes first, bills second. The little money I scrape up pays for food. My credit score is hosed and I am now paying MORE for car insurance.

I still have the SAME Insurance company since I started driving, yes 34 years. If anybody should know I am a safe driver it’s them. What I learned, they chance your policy number often so they have the “I did not know excuse”. My insurance company now has the money to sponsor NASCAR, have enough money to be a home mortgage lender and a credit card lender. Something is very ROTTEN here.

I would LOVE to know. Who started this? How did the insurance companies get my SSN in the first place? Your SSN was sacred, not to be disclosed for fear of identity theft. How did the insurance companies get away with checking it illegally? I know that politicians are involved, they have to be. I just wish I knew which ones and which parties. I searched the internet and found no answers. The insurance lobbyists donate MEGA money to political campaigns. But we are still the VOTERS.

Does anybody know which politicians?

Thanks,
Michael

By: UnsureHowToProceed

UnsureHowToProceed — Sun, 26 Sep 2010 14:33:48 +0000

After reading a few things online, now I’m more confused than before. I do know I want to compare rates b/c mine (in NJ) has gone WAY up in the past 2 renewals. But I do not want to be “matched” or get calls and mail. I just want to see the information for myself and decide. I also don’t want them staying on my credit report as multiple soft pulls, much less hard pulls.
Any ideas out there?

By: erleyedit

erleyedit — Sat, 21 Aug 2010 04:59:31 +0000

whooo…boy! now I wish I hadn’t filled out the quote request.

this is the hook that got me: “how to compare auto insurance rates online”

hmmm… I thought it was going to pull numbers and post quotes so I could compare, instead I got a note saying I was “matched” with insurance providers who would be contacting me.

now I REALLY wish I hadn’t filled out the forms, and there is no way to cancel….

By: Unhappy Janet

Unhappy Janet — Tue, 08 Jun 2010 21:58:31 +0000

I am in the same boat as Hate to disagree. Although, a slight difference to the story. With me, someone entered my information (unknown how obtained) on several different agent data base sites. Now for the last 2 weeks I have been bombarded with cell phone calls and letters in the mail. It has been extememly horrible and expensive for me to rectify this.
I have been extemely enlightened on the horrible business ethic used by these types of companies. Everyone I called said it is just a bad experience and to “wait it out” and it will pass. Forgive me, but why the heck should I have to wait for you to remove all “leads” your company sent. They blame it on the computer systems not set up to reclaim or return leads. I know have several 50+ agents pulling my credit. And, no, it is NOT all soft pulls.
For me to stop the pulls I have to spend $10 on each of the 3 major credit bureaus to have a password put on the accounts. This will require the company pulling credit to obtain the password from me first. What a hassel. And this is because, they have no “safety net” is in place with these agent databased referral services. My situation is not an isolated event. Even the customer service reps for these companies say it happens quite frequently. Sad, sad, sad business practice. Again, the “good consumer” who pays bills on time, doesnt live beyond their means and practices good financial morals, gets hurt in, the form of credit worthiness. Shame on you for not protecting the comsumers “you” represent.

By: DR

DR — Wed, 31 Mar 2010 10:36:47 +0000

HateToDisagree, you will see the inquires, but they should be soft pulls. As for all the calls, that's one reason I like insurance.com. They give you the quotes online, and you decide who to call. I used the service about a month ago, and didn't receive any calls at all, and had just one soft pull on my credit history. Anyway, sorry to hear about the bad experience.

By: HateToDisagree

HateToDisagree — Wed, 31 Mar 2010 01:16:02 +0000

A couple of months back, I used netquote to see how my car insurance rates compared to other companies. Don’t believe the “instant quote” hype associated with these types of services. In return for me divulging my information, I received an automated “thank you” and then telephone calls for the next two weeks from every insurance agent in the local area. Needless to say, I was not pleased. To rub a little salt into the wound, I just found out that I now have eleven inquiries on my credit report.
I don’t know if they are “soft pulls” or “hard pulls,” but I do know for a fact that I filled out ONE quote request, and now have 11 separate inquires that show up. I can’t speak for the veracity of the rest of the article, but I can unequivocally state that “…only one inquiry results on your credit score. They are able to use that one inquiry to generate multiple insurance quotes from various insurance carriers.” does not hold true as of 3/30/2010.

By: Daddy Paul

Daddy Paul — Sat, 23 Jan 2010 00:53:11 +0000

Thank you for explaining what to me had been a very gray area.