Is the auto-insurance claim information shared if I switch the insurance company.

Is the auto-insurance claim information shared if I switch the insurance company.

Postby LeverLoop » Sun Feb 22, 2009 11:52 am

Hi!



I am with auto-insurance company X right now and due to few number of insurance claims that I had made, my insurance is going up. I am wondering if I try to switch to some company Y, will X share my claims information with Y?



Thanks!
LeverLoop
 
Posts: 28
Joined: Wed Apr 11, 2007 11:57 pm

Re: Is the auto-insurance claim information shared if I switch the insurance company. Your driving record (including

Postby carrate11 » Sun Mar 08, 2009 8:35 am

LeverLoop wrote:Hi!



I am with auto-insurance company X right now and due to few number of insurance claims that I had made, my insurance is going up. I am wondering if I try to switch to some company Y, will X share my claims information with Y?



Thanks!


Your driving record (including accidents, tickets and filed claims) is public knowledge and is kept on a database through your state. Most states use the same database so that your driving record is basically public knowledge.



While Insurance company Y doesn't get information directly from Insurance company X, all they have to do is look up on the database to find all of your tickets, claims and accidents.



Basically, you shouldn't lie on your application because you won't get away with it.
carrate11
 
Posts: 38
Joined: Sun Mar 18, 2007 9:50 pm

Re: Is the auto-insurance claim information shared if I switch the insurance company. Most of the time, yes they will

Postby lipskneedsvem » Tue Mar 10, 2009 2:22 am

Most of the time, yes they will find those prior claims.

Many insurance companies participate in a national database that tracks claims. They will also check you MVR records of any tickets or accidents. It is very difficult to slip one past an insurance company.

Fraudulently stating fewer claims than you actually have is not a good idea. If you filed another claim and the prior ones were discovered, they could deny the new claim, back charge you a higher rate, and/or cancel the policy on the spot.



Because your rate went up due to the claims, it's not a bad idea to shop around, just make sure they are rating you with knowledge of those prior claims.
lipskneedsvem
 
Posts: 27
Joined: Sat Aug 04, 2007 4:00 pm

Re: Is the auto-insurance claim information shared if I switch the insurance company. THE ANSWER IS YES!!!!! 99% of

Postby LiraFordZeke » Wed Mar 11, 2009 12:52 am

THE ANSWER IS YES!!!!! 99% of all insurance carriers report to a service similar to a credit bureau. Then all the other companies can pull your DRIVING RECORD which is what the DMV has on record for you and a CLUE REPORT which is a record of claims and accidents (shows everything from major accidents down to towing and rental claims). I hope this helps.
LiraFordZeke
 
Posts: 22
Joined: Mon Aug 13, 2007 12:20 am

Re: Is the auto-insurance claim information shared if I switch the insurance company. Of course! One of the question

Postby cmokudwoh » Wed Mar 11, 2009 2:26 am

LeverLoop wrote:Hi!



I am with auto-insurance company X right now and due to few number of insurance claims that I had made, my insurance is going up. I am wondering if I try to switch to some company Y, will X share my claims information with Y?



Thanks!


Of course! One of the questions in the applicationt that must be answered truthfully is similar wording to "please list all accidents you have been involved in as a driver, whether at fault or not, in the last #x years". They also ask for the approximate amount of any claim associated with the accidents. Some companies want 3 years, some 5, and they do check. If they issue a policy immediately based on falsed information, you would receive a registered letter within days, possibly cancelling it, or increasing premiums substantially. In my office, sometimes I would fax an application and receive a phonce call back within half an hour asking why a certain accident hadn't been declared by the applicant.
cmokudwoh
 
Posts: 28
Joined: Sun Feb 04, 2007 2:20 pm

Re: Is the auto-insurance claim information shared if I switch the insurance company. Yes. Most insurance companies

Postby wolsotter » Thu Mar 12, 2009 3:25 pm

Yes. Most insurance companies subscribe to a service called "CLUE". It's basically a data bank where companies share claim information with each other.



Most companies will order a "CLUE" report before issuing your policy and find out that you have had previous claims. It is always a good practice to go ahead disclose this information up front, if not the rate that you are quoted will not be accurate.



I would suggest getting as many quotes as possible!



Because rates vary hundreds of dollars with companies you might be surprised to find out that by comparison shopping your maybe able to get insurance through another company without seeing a huge increase.



As mentioned already the key is to getting as many quotes as possible. The easiest way to do this is by using free on line insurance rating services. I read a statistic that people who use these services usually save an average of 30%-40%. If that holds true for you then it basically you would most likely be able to keep your rates close to what you are currently paying.



There is a consumer site that I came across at: http://www.InsuranceEasy.org that has links to free quoting services that are reliable. By using each of the links listed on their auto insurance page you will end up with the 5 or 6 best quotes from hundreds of companies.



Hope this helps!
wolsotter
 
Posts: 19
Joined: Sun Aug 12, 2007 5:55 am

Re: Is the auto-insurance claim information shared if I switch the insurance company. yes they will find it. when yo

Postby natalykorah » Thu Mar 12, 2009 11:45 pm

yes they will find it. when you get a quote they may not run your reports so its up to you to be honest about any points or accidents on your record. if you dont tell them they WILL run your records when the policy is issued and then your premium will be higher than the quote and they have the right to cancel the policy with notice. its probably better for you to wait until your record is clean again before you switch
natalykorah
 
Posts: 29
Joined: Mon Feb 19, 2007 4:36 am

Re: Is the auto-insurance claim information shared if I swi

Postby stevenricherd » Tue Aug 21, 2012 8:40 am

I think auto-insurance company can claim information shared if any person switch the current insurance company, i don't have information about it, if you want to collect more information about this topic so you need to search your thread on the internet, you can get lot of suggestion from there or consult with any experienced person, they can help you better than others.

commercial property insurance
stevenricherd
 
Posts: 120
Joined: Wed Nov 16, 2011 12:03 pm


Return to Car Insurance

Who is online

Users browsing this forum: No registered users and 1 guest

cron