Ever wonder why your auto insurance provider needs this information?
If you’ve tried to get an auto insurance quote, you know that the insurance company asks you for certain pieces of information. But have you ever wondered exactly why they ask you for these specific things? Here are some of the pieces of personal information car insurance companies ask for and why they need them.
- Social Security Number
Normally, auto insurance providers do not require your social security number when you are asking for a quote. However, they do give you the option to supply this information. This is because auto insurers use your social security number to run a soft credit check on you. Because your premiums are partially based on your credit score, conducting this credit check allows the insurance company to give you a more accurate quote. You can still get a quote without disclosing your SSN, but there’s a good chance that this quote will change once the company actually runs your credit check.
- Main Address
Auto insurers will also ask about your garaging address, or the location in which your car resides most of the time. For most people, their home address is their garaging address. Car insurance companies need this information to determine your car’s risk for damage. Certain neighborhoods have higher rates of criminal activity and, if you keep your car in these areas, then the insurance company will consider your car more risky to insure. This increased risk will translate into higher insurance premiums. However, it’s important that you be honest and accurately report your car’s garaging address. This will ensure that you have the coverage you actually need to address your risks.
- How Much You Drive
Finally, your insurer will ask how much you drive during a given period. It’s important that you accurately report this information, as it will help the auto insurer give you an accurate quote. The more you use your car, the greater your chance of getting into an accident. This risk will mean higher insurance rates.
This is why auto insurers ask you for this personal information. Do you have more questions regarding your auto insurance? Then don’t hesitate to contact the professionals at Scavone Insurance in White Plains, New York. Our dedicated team is ready to assist you with all your insurance needs.