Free Auto Insurance Quote

So why would a company want to look at your credit before they gave you a free auto insurance quote? Because after studying the records for millions of policyholders, it was shown that people with good credit usually made fewer and smaller claims than those with poor credit. And that means that if your credit record is good, your rates with most companies will be lower than if it isn't.

The effect that your credit has on the price of your free auto insurance quote varies with each insurer. Some companies use your credit rating to make small adjustments to the normal premium and others use it to determine if they'll offer you insurance at all. But however they use it, it's estimated that over 90% of auto insurance companies look at your credit when issuing you insurance.

After you get a company's free auto insurance quote, there's only one way to know if your credit had an effect on the price. And that's to ask them. They're required by law to tell you if your credit caused them to take an "adverse action". But since the insurance companies are free to define what's an "adverse action", you won't really know unless you ask.