Not usually. A credit search in insurance terms is normally a ‘soft search’. This means you can see the search on your credit file, but others won’t be able to. This type of search is usually used simply to verify you are who you say you are.

However, if you have a bad credit rating and want to pay for your premium monthly, lenders may be put off by your history and only offer an annual premium.

A common insurance question that is often asked is whether credit scores affect premium. As a general rule, the answer is no.