General Insurance

Why does your fico score impact your insurance rate?

A credit score is a section of the overall "insurance score" that partially determines your insurance premium. The reason credit is used to determine rates in most states is due to the correlation between a driver's score and their likelihood to file a claim.

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Do car insurance quotes affect credit?

Auto insurance is priced using an "insurance score" which does factor in a soft credit inquiry, not a hard credit pull, as well as your past driving history. This differs significantly from the way your credit is used when applying for a credit card or bank loan.
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