What an exciting milestone! While insurance companies check your credit before giving you a quote, they do so via a soft inquiry, so it won’t affect your credit score.
That’s because, unlike hard inquiries, a soft credit inquiry isn’t linked to applying for a new line of credit. Keep in mind that both hard and soft credit inquiries will stay on your credit report for a couple of years.
Insurance companies check credit because they want to evaluate any risks that could come with taking you on as a client. With a higher credit score, your insurance company will assume there is less risk, and you’ll likely save on your premium.
A good strategy to save even more on your premium is to seek out multiple quotes
, which will increase your odds of getting the coverage you need for the best price. That’s where Jerry
can help! After answering a few quick questions, you can start comparing quotes from top insurance companies, like Travelers and Nationwide. An additional bonus: Jerry’s friendly, experienced agents are happy to answer any questions you might have along the way.