Every time you apply for a credit card or loan or buy something on credit, the company you’re getting the credit from will check your credit record.
This process is called an inquiry. If insurance companies see too many inquiries in a short period of time, they will probably lower your insurance score. They might think you’re asking for too much credit at once.
If you have lots of credit cards and loans, you could pay more for insurance.
Are you pushing your credit limits?