Applying for auto insurance or shopping around for a better rate does not impact your credit score. Many car insurers pull your credit report and consider your generic risk score when determining what rate to charge.
When this occurs a soft inquiry is noted on your report. Soft inquiries are visible only to you when you review your personal report. Soft inquiries are not seen by lenders, or used in calculating your score.
Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
In a word, no. Although most if not all auto insurance companies include credit along with your driving and accident record as part of their premium determination, these credit reviews are considered "soft" hits and so therefore they do not affect your credit record. Talk to your Insurance Professional about your coverage options oin order to determine what is right for you.
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When this occurs a soft inquiry is noted on your report. Soft inquiries are visible only to you when you review your personal report. Soft inquiries are not seen by lenders, or used in calculating your score.