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Frequently asked questions

Does getting a homeowners insurance quote affect my credit score?

In most states, insurers use credit-based insurance score reports—which is different from your regular credit score—to determine premiums. Insurance companies check credit scores in order to gauge the risk they might undergo because studies have shown that those with lower credit scores are likely to file more claims or have more expensive claims. Insurance companies check credit scores when delivering quotes on a soft pull basis, which is a type of inquiry that will not negatively impact an individual's credit score. These inquiries will be visible on personal credit reports, but they are not visible to lenders and have zero effect on credit score.

A soft inquiry/soft pull allows a creditor to review a person's credit report and credit score to get a sense of how well the person is managing their credit. A soft inquiry can occur even when an individual checks their own credit report.

It is a myth that getting an insurance quote will hurt your credit. Even getting several quotes at once does not affect your score.

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    © 2021 Better Holdco, Inc. and/or its affiliates. Better is a family of companies. Better Mortgage Corporation provides home loans; Better Real Estate, LLC provides real estate services; Better Cover, LLC provides homeowners insurance policies; and Better Settlement Services provides title insurance services. All rights reserved.

    Home lending products offered by Better Mortgage Corporation. Better Mortgage Corporation is a direct lender. NMLS #330511. 3 World Trade Center, 175 Greenwich Street, 59th Floor, New York, NY 10007. Loans made or arranged pursuant to a California Finance Lenders Law License. Not available in all states. Equal Housing Lender. NMLS Consumer Access

    Better Real Estate, LLC dba BRE, Better Home Services, BRE Services, LLC and Better Real Estate is a licensed real estate brokerage and maintains its corporate headquarters at 3 World Trade Center, 175 Greenwich Street, 59th Floor, New York, NY 10007. A full listing of Better Real Estate, LLC’s license numbers may be found here. Equal Housing Opportunity. All rights reserved.

    Better Settlement Services, LLC. 3 World Trade Center, 175 Greenwich Street, 59th Floor, New York, NY 10007

    Homeowners insurance policies are offered through Better Cover, LLC, a Pennsylvania Resident Producer Agency. License #881593. 3 World Trade Center, 175 Greenwich Street, 59th Floor, New York, NY 10007

    Better Mortgage Corporation, Better Real Estate, LLC, Better Settlement Services, LLC and Better Cover, LLC are separate operating subsidiaries of Better Holdco, Inc. Each company is a separate legal entity operated and managed through its own management and governance structure as required by its state of incorporation, and applicable and legal and regulatory requirements. Products not available in all states.

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    Better Cover is Registered in the U.S. Patent and Trademark Office