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Do Auto Insurance Quotes Result in Hard Pulls?

Contributor

Do Auto Insurance Quotes Result in Hard Pulls?

I'm trying to lower all my bills, insurance being one of the big ones that I have every month.  I've tried just about everything with my current insurer, Progressive and am thinking about shopping around.  If I do will the inquiries be hard or soft pulls?


Starting Score: 01/2010 EQ 610 TU 737
Current Score: EQ 662 TU 672
Goal Score: EQ 700 TU 700


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Message 1 of 11
10 REPLIES
Senior Contributor

Re: Do Auto Insurance Quotes Result in Hard Pulls?


coltensmom06 wrote:

I'm trying to lower all my bills, insurance being one of the big ones that I have every month.  I've tried just about everything with my current insurer, Progressive and am thinking about shopping around.  If I do will the inquiries be hard or soft pulls?


At least with USAA, mine have always been soft.  YMMV

IAALBNYL
Message 2 of 11
Moderator Emeritus

Re: Do Auto Insurance Quotes Result in Hard Pulls?

Hi coltensmom06 (Hey - you and 06 both have 06 in your names.  Maybe you're related Smiley Wink 

 

We're using Liberty Mutual now, and previously Nationwide and I've never seen a hard pull.

We did get quotes from some other companies a while back, they were soft pulls as well.

Just puttin' syrup on something, don't make it pancakes.
Message 3 of 11
Moderator Emeritus

Re: Do Auto Insurance Quotes Result in Hard Pulls?

State Farm was a soft for me.

Message 4 of 11
Contributor

Re: Do Auto Insurance Quotes Result in Hard Pulls?

Thank you guys!  I now will have no reservations about shopping for a better insurance rate.


Starting Score: 01/2010 EQ 610 TU 737
Current Score: EQ 662 TU 672
Goal Score: EQ 700 TU 700


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Message 5 of 11
Community Leader
Epic Contributor

Re: Do Auto Insurance Quotes Result in Hard Pulls?

Be aware that anecdotal experiences by others does not mean that anyone you solicit insurance from wont do a "hard pull."

Sure, most dont, but the terms "hard" and "soft" pull are not mentioned in the FCRA.

How they code an inquiry is up to them.  Unregulated.

Message 6 of 11
Frequent Contributor

Re: Do Auto Insurance Quotes Result in Hard Pulls?

We just switched to Progressive for auto last month. It was a soft pull but...................................

 

The only reason (excuse) to up the price of our policy by five dollars after we started our policy was saying that because we both have one inquiry in the past two years for a mortgage loan, they determined in underwriting to essentially raise our policy pricing. Ya'd think they would be interested in homeowners as opposed to renters, and homeowners insurance as opposed to renters insurance. I was so confused. So if you have a mortgage inquiry from the past two years on your reports, underwriting will determine you as a "risk".

 

Just my two cents.


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EQ. Current Score 09/02/13: 611
Goal Score: 700


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Message 7 of 11
Senior Contributor

Re: Do Auto Insurance Quotes Result in Hard Pulls?


leah5570 wrote:

We just switched to Progressive for auto last month. It was a soft pull but...................................

 

The only reason (excuse) to up the price of our policy by five dollars after we started our policy was saying that because we both have one inquiry in the past two years for a mortgage loan, they determined in underwriting to essentially raise our policy pricing. Ya'd think they would be interested in homeowners as opposed to renters, and homeowners insurance as opposed to renters insurance. I was so confused. So if you have a mortgage inquiry from the past two years on your reports, underwriting will determine you as a "risk".

 

Just my two cents.


Sure sounds like they are either brain-dead or just pulling excuses out of their butt to raise rates.

IAALBNYL
Message 8 of 11
Moderator Emeritus

Re: Do Auto Insurance Quotes Result in Hard Pulls?


leah5570 wrote:  We just switched to Progressive for auto last month. It was a soft pull but...................................

 

The only reason (excuse) to up the price of our policy by five dollars after we started our policy was saying that because we both have one inquiry in the past two years for a mortgage loan, they determined in underwriting to essentially raise our policy pricing. Ya'd think they would be interested in homeowners as opposed to renters, and homeowners insurance as opposed to renters insurance. I was so confused. So if you have a mortgage inquiry from the past two years on your reports, underwriting will determine you as a "risk".


Was that the only inquiry on your reports?  Or did you have other inquiries and they singled out the mortgage inquiry?

Just puttin' syrup on something, don't make it pancakes.
Message 9 of 11
Frequent Contributor

Re: Do Auto Insurance Quotes Result in Hard Pulls?

I was shocked, and asked a rep their logic. I mean, obviously we were working on a goal; saving money for a down payment, working on debt and credit scores, etc. So wouldn't we be more responsible then a renter (which we are now lol) using all our savings for nice cars and flat screen tvs? The rep referred me to their underwriting department. Since we have like eight policy changes since we've started, I've given up on that issue. Anyways, they are still $80 cheaper a month than AAA, and that's including the deletion of a '99 Ranger and replacing it with an '07 Trailblazer, too! Happy for that.


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Goal Score: 700


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Message 10 of 11