Geico Insurance Geico Quotes Hurt Credit Report and also Give Unfair High Quotes Washington D.C. Nationwide

To any of these companies, especially not Geico. Never was I asked or told -anything about a credit report. That is a flat out lie. Especially with the Homeowner's. NY Mutual gave me a qoute and took the payment in seconds and it was a low quote. They had no time to check my credit. Progressive had no time to check my credit. It was ONLY geico that made me feel like a jerl for having spent money on them for so many years.

Your credit score has nothing to do with affecting your credit or your premium rates. We cannot check your credit without your premission and it's also against the law. We cannot turn you down because of your credit rating.

When doing a rate online is completely different than doing it over the phone with a local agent. The online quote is more like a ball-park estimate or a misconception of the real rate. Sometimes more than half of the information needed to give you an accurate rate is missing. Don't rely on an online rate ever when comparing rates with other companies. Always talk to a licensed professional because they know what their talking about.


I think that you're more to the point where you think you found a better rate so you want to make up a whole story to make Geico a bad company. What's next? When you find a better company than Progressive, are you going to make up another story too?

If you think Progressive didn't look at your credit score, guess again. All of the major companies do it. It's just a "soft" inquiry, so it would not impact your credit score or rating.

There is a lot of information that is used to generate an insurance quote. Whether or not you think it is relevant doesn't change that. Insurance companies make risk decisions based on analyzing past data. For example, they know that an 18 yr. old single male with 2 yrs. of driving experience is a much higher risk that a 28 yr. old married female. By the same token, these companies have found that people with bad credit ratings submit a substantially higher number of claims than people with good credit ratings.

Insurance companies have been using credit data to analyze risk for over 10 yrs. This isn't something new, nor is it something unique to GEICO.

The only time running credit is supposed to affect your credit score is when you're applying for credit. Insurance companies use the same method of glancing at your credit that credit card companies do when they send you mail with a new offer you qualify for... your score would be affected by the dealership running credit to set you up with financing.

Insurance companies look at your credit report to generate an 'insurance score', which is just a way of qualifying you for discounts to your rate. Maybe you didn't qualify for discounts, so they weren't applied to your rate. If you don't agree with using credit in your insurance rating, write your congressman and complain about it. The politicians are the ones allowing insurance companies to use credit as a basis for calculating a rate.