topic Re: Do Auto Insurance Quotes Result in Hard Pulls? in Rebuilding Your Credit

Do Auto Insurance Quotes Result in Hard Pulls?

Anonymous — Mon, 03 May 2010 00:04:34 GMT

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?

Re: Do Auto Insurance Quotes Result in Hard Pulls?

Anonymous — Mon, 03 May 2010 00:49:45 GMT

@Anonymous 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

Re: Do Auto Insurance Quotes Result in Hard Pulls?

Anonymous — Mon, 03 May 2010 00:58:16 GMT

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

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.

Re: Do Auto Insurance Quotes Result in Hard Pulls?

MarineVietVet — Mon, 03 May 2010 01:38:21 GMT

State Farm was a soft for me.

Re: Do Auto Insurance Quotes Result in Hard Pulls?

Anonymous — Mon, 03 May 2010 03:06:27 GMT

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

Re: Do Auto Insurance Quotes Result in Hard Pulls?

RobertEG — Mon, 03 May 2010 05:34:58 GMT

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.

Re: Do Auto Insurance Quotes Result in Hard Pulls?

Anonymous — Tue, 04 May 2010 03:24:58 GMT

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.

Re: Do Auto Insurance Quotes Result in Hard Pulls?

Anonymous — Tue, 04 May 2010 03:30:54 GMT

@Anonymous 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.

Re: Do Auto Insurance Quotes Result in Hard Pulls?

Anonymous — Tue, 04 May 2010 03:35:02 GMT

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?

Re: Do Auto Insurance Quotes Result in Hard Pulls?

Anonymous — Tue, 04 May 2010 03:39:58 GMT

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.

Re: Do Auto Insurance Quotes Result in Hard Pulls?

Anonymous — Tue, 04 May 2010 03:45:02 GMT

everytime i check the inquiry is a soft one.