Worth auto renewing car insurance to avoid credit check?

lowmiles

Im in the process of selling/ buying, my car insurance is due in Jan and I just received a renewal quote of £600 (paid £300 last year:mad:).
Having checked my credit report it appears searching for an insurance quote produced a credit check.

Is worth me accepting a 100% price rise so I don't get an extra credit check. I don't have any other check since last Jan - will one more make any difference?

glentoran99

I wouldn't worry about it,

rtho782

Usually these are soft checks, with the possible exception that some companies may do a hard check if you are applying for some sort of finance to pay monthly.

Comparison sites definitely won't produce a hard check.

I would say it is not worth paying £300 extra to avoid a credit check, especially because if your current insurer did a hard check last year for their finance they may do again this year.

lowmiles

Ok thanks, I didn't buy it on finance just bought it outright does that avoid a credit check?

Margot123

lowmiles wrote: »

Im in the process of selling/ buying, my car insurance is due in Jan and I just received a renewal quote of £600 (paid £300 last year:mad:).
Having checked my credit report it appears searching for an insurance quote produced a credit check.

Is worth me accepting a 100% price rise so I don't get an extra credit check. I don't have any other check since last Jan - will one more make any difference?

Have you called your insurance company and complained about this increase? If you have had no claims or alterations, then it shouldn't go up by that much.

I always call my insurers and haggle a discount; this year they knocked it back down to what I paid last year, even though they had increased the renewal quote by 50%!

Always worth haggling, it only costs a few minutes of your time.

lowmiles

No claims and I only just received the quote but I will do. I have always called them but I have never been successful in reducing the price.

Murphybear

Certainly worth looking around. I paid £16 less than last year

rtho782

lowmiles wrote: »

Ok thanks, I didn't buy it on finance just bought it outright does that avoid a credit check?

If they do a hard check when you pay as a lump sum for the year you would have a case for the FOS.

However, even when paying as a lump sum they may well do a soft check as your credit profile will likely form part of their underwriting criteria.

Soft checks don't have any impact on you though.