When does the car insurance agent pull your credit?

Question

So I am getting a new car soon. My parents are planning to pay with a personal check. They told me that for the insurance, they will call our current agent and add the new car. They said there is no paperwork I need to fill out or anything.

With this being said, will my credit still get a hard pull as if a lender is looking at my credit report? I do not have my own insurance. I am under my parent's insurance as an authorized driver. If my credit gets pulled, I am worried that Farmers will cancel the entire insurance because of my credit.

So, when does the car insurance agent pull your credit?

The Truthseeker · Answer

You are worried about nothing.

? · Answer

With your parents being the owner of the car you drive, I doubt they will pull your credit report. And even if they do Farmers will not cancel your parents' insurance policy (but rates may go up).  [as per my recent experience an insurance company may pull the insured's file every renewal term (6 months or year).]

Anonymous · Answer

If its done, its automated. And its not always done

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When does the car insurance agent pull your credit?

3 Answers