Before shopping for automobile insurance, motorists should prepare a small amount of information. To deliver an accurate quote, coverage providers need to examine an assortment of personal details that are all used by insurers to underwrite and rate applicants. The collected details are used to determine how likely it is that a motorist will file a claim, and consequently what they should be charged for vehicle coverage. Although specific data is required of motorists, there are some personal details that are not entirely necessary to produce an accurate estimate.
In an age where identity theft is an unfortunately common threat, vehicle owners should act cautiously when relaying personally sensitive details. Fortunately, many motorists can accumulate free auto insurance quotes without personal info from online sources. Although many different details are required to produce an accurate estimate, there is no reason for drivers to relay their social security or credit card numbers while shopping around. A company or establishment that requires these numbers may not have the best of intentions, and motorists are strongly encouraged to shop elsewhere.
Of the 1.3 million complaints received by the Consumer Sentinel Network (CSN) during 2010, roughly 54 percent were complaints pertaining to fraud, and another 19 percent to identity theft. Taking appropriate precautions when shopping for vehicle coverage and becoming familiar with the personal details that are necessary to produce an accurate estimate can help motorists avoid potentially fraudulent activity.
Personal Info Necessary for Auto Insurance Quotes
The information that insurers require to produce accurate auto insurance quotes can all influence a motorist’s risk of filing a claim. Companies commonly look at:
o Marital status
o Garaging address
o Accident record
o Annual Mileage
o Vehicle year, make, and model
o Credit rating
These details are used by insurers in the Underwriting And Rating process to determine if coverage can be provided, and at what cost. Statistical data linked to many of these required details can often influence a motorist’s risk of filing a claim. For example, multiple studies have shown that male motorists file more accident claims than female motorists. Additionally, vehicle owners who are married frequently file fewer claims than unmarried drivers.
Apart from the details that are required when shopping for estimates, it is also important for drivers to remain aware of where their information is going. If shopping online, vehicle owners should input personal data into websites that are both familiar and secure. An easy way to identify whether or not a site features additional security is to look at the address bar. The typical website address begins with “http” but a site with added security will typically begin with “https.”