Insurance quotes don't affect credit ratings. Although insurance companies check your credit during the quote process, they use a type of inquiry called a “soft request” that isn't presented to lenders. You can receive as many inquiries as you want without negative consequences for your credit rating. This is because the insurance company isn't looking at your real score; it's just using information from your credit report.
No, getting a car insurance quote doesn't affect your credit. Auto insurers check your credit with a gentle method, which doesn't provide a complete credit history and doesn't affect your score. Your insurance rating is just one of many factors that affect your car insurance rate, but it can carry a lot of weight. Once you apply for insurance coverage, you authorize the insurer to obtain your credit and other information it needs to calculate your premium.
According to WalletHub, a car insurance rating is a rating that insurance companies use to predict if someone is likely to file a claim. California, Hawaii and Massachusetts have laws that prevent insurers from using credit history to set insurance rates. There are some exceptions to this, because Hawaii, California and Massachusetts don't allow credit history to affect car insurance. Auto insurance scores are different from credit scores because they are designed to calculate risk for insurance companies and not for lenders.
Auto insurance companies in most states use the applicant's credit score and credit history to calculate their premium. Auto insurance companies have good reasons to check credit, as the Federal Trade Commission has demonstrated that insurance ratings effectively predict risk. Finally, TransUnion's auto insurance scores, officially called Insurance Risk Scores — Auto Model, range from 150 to 950. Depending on the state and the insurer, some people can pay an average of 67 percent more in premiums for their car insurance than people with excellent credit.
People with good or excellent credit tend to pay much less for car insurance than drivers with no credit or bad credit. However, getting car insurance quotes and buying a policy won't hurt your credit, as insurers use what's called a soft consultation, rather than a hard consultation. No lender will see a smooth query and it won't have any effect on your credit rating, so you can search for multiple car insurance quotes without worrying that it will affect your credit rating. Getting insurance quotes doesn't affect your credit rating, so you can compare as many car insurance coverages as you want.
This allows insurers to match more expensive rates with those of drivers, who are likely to use their insurance more.