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Will home insurance quotes lower your credit score?

Does getting several home insurance quotes lower your credit score, and then, in turn increase your home insurance rates?

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Answer #1

If they all get a unique copy of your credit report - yes, it will lower your credit score. If you provide them with a copy of it, and they don’t request it on your behalf, then it won’t lower your credit score.

in turn increase your home insurance rates

Not that I know of, same idea as life insurance or car insurance. Each company has a certain demographich / lifestyle profile that they give the best rates to. Other brackets of income, age, etc, get a different rate, so you should definitely shop around for home insurance…I think you mean property insurance though, not PMI or private mortgage insurance. But in either case, the same principle applies.

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