Do any good car insurance co's give quotes w/o credit pulls? I'm 23 w/clean record for 6 years and think I can do better than the $1450/yr I have now but don't want to have more credit pulls as I'm hoping to get a condo mortgage next year and want to keep pulls off my record.
posted: Mar. 24, 2003 @ 8:58p
i don't know but i have never got any credit pulled when looking for quotes. i did online quotes through geico, progressive, and some others and never got my credit pulled. i also did some quote with local co. like american family, state farm, all state, .. a few other and again never got pull. i sign up with all state which give me a cheapest rate and never got my credit pulled.
again i just got comprehensive/liability. maybe they do check credit with full coverage, but again i ask both price rate and they never said anything nor check any credit. i'm in minnesota, maybe they trust people living here. haha.
Senior Member - 1K
posted: Mar. 24, 2003 @ 9:18p
Well, I think there are different type of credit report, Insurance do pull Credit report, but this kind of report do not damage your credit score. (If I am not wrong.)
You may try www.gmac123.com, they have low rate car insurance, and all procedure can be done on-line, and accept VISA/MASTER payment(so you can get some rebates<img src="i/expressions/face-icon-small-happy.gif"border=0>
posted: Mar. 24, 2003 @ 10:20p
When I got my current coverage last year, both places I was shopping pulled quotes so that's why I'm wary of having it happen again and not getting rid of the pulls for another year.
posted: Mar. 24, 2003 @ 10:48p
cornhusker, i just wanted to let you know that i visited the gmac site and they do pull a credit score. they mention it under their frequently asked questions. i do appreciate you mentioning them, i will keep them in mind when my policy with progressive expires.
posted: Mar. 24, 2003 @ 11:31p
progressive pulled my equifax report 6 months ago with an online quote.
Senior Member - 10K
posted: Mar. 25, 2003 @ 3:47p
Progressive pulls. Every time. They are the ones who pioneered "insurance scoring." Don't think that just because they didn't ask you, they didn't pull. Insurance companies take the position that they are allowed to pull without asking, and the final ruling has not come in yet on whether or not they are right. They also insist that they are not required to let you know that a bad credit report has caused your rates to go up, though this would seem to any reasonable person to be an "adverse decision" under the Fair Credit Reporting Act.
In fact, I was outraged to discover that Progressive had pulled hard inquiries on my Equifax despite the fact that I had never been a customer of theirs (though I did price them out when I was insurance-shopping in 1998, which was their excuse for pulling my CR in 2002?!? <img src="i/expressions/face-icon-small-mad.gif"border=0><img src="i/expressions/face-icon-small-sad.gif"border=0>
You can and should dispute "hard" inquiries on your credit reports (remember, there are three) by insurers. They are supposed to be listed as "soft" inquiries, which don't affect your overall credit score.
(State Farm of Florida, my insurer, does notify people up-front that their credit may be pulled. They also don't pull reports for people who are existing customers, and they let you know when you're getting a higher rate because of bad credit, though you have to read between the lines a bit.)
Senior Member - 10K
posted: Mar. 25, 2003 @ 4:07p
The only reason Progressive "pulls" is that when you're making monthly payments on a policy, they are technically extending you credit and charging you interest on that credit. I bought a six-month policy from Progressive in cash, up front... no pull.
posted: Mar. 25, 2003 @ 4:18p
With most insurance companies, you pay for each month UPFRONT. If you dont' pay, they cancel your policy. In this case, there is NO NEED to pull a credit report.
I don't believe that they pull your credit report to make sure that you will pay your premiums; it's simply a way to charge you even more than they already do.
As a co-worker of mine says, insurance is legal robbery - and his wife sells insurance.
Senior Member - 1K
posted: Mar. 25, 2003 @ 4:33p
Progressive pulls a hard inquiry to get a quote online.. It has nothing to do with paying the policy in full or in installments
posted: Mar. 25, 2003 @ 5:59p
<< i don't know but i have never got any credit pulled when looking for quotes. i did online quotes through geico, progressive, and some others and never got my credit pulled. >>
Are you sure? Others report Progressive pulls, and I will dispute with you that Geico does not pull. They pulled mine about two years ago. It was definitely a hard pull. I disputed and had it removed (I maintained that I never authorized it).
posted: Mar. 25, 2003 @ 6:33p
I can agree with a "soft inquiry" for verification purposes for an online quote, but I will never agree with a "hard inquiry" to set rates.
posted: Mar. 25, 2003 @ 10:42p
ok. i was wrong. i just log into my equifax and progressive did do a soft inquiry with my credit score. i look through 1 1/2 year of inquiries (soft and hard) and progressive is the only one on the list. i got nothing from geico and local insurance companies. again i could be wrong.
posted: Mar. 26, 2003 @ 1:44p
Hi, How to get cheap one? I need buy it before April first. thanks a lots
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