If you believe there are errors in the report, you should notify the consumer reporting agency immediately.
Studies show a connection between credit characteristics and insurance claims, so many insurance companies use “Credit-Based Insurance Scores” to help determine rates (not applicable where prohibited by law).
In short, having really bad credit can definitely make your insurance premiums go up.
And having great credit history can help those premiums go down.
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They confirm, however, that it does not affect an applicant’s credit score.
There are two types of credit inquires, called a “soft pull” and a “hard pull:” A car insurance carrier’s pull on your credit score seems, at first glance, to be somewhere in between. It’s the culmination of 13 years of education and should be celebrated to the fullest extent.