Jun 14 Why Auto Insurers Request This Info

Why Auto Insurers Request This Info

Here’s why auto insurance companies request this information.

When you get a quote from an auto insurance company, they will ask you to provide certain pieces of information. But why do they need this info? Here are some of the reasons why they need this information before issuing your auto insurance quote.

  • Your Social Security Number

While you do not need to supply your social security number to get an insurance quote, car insurance companies offer you the chance to provide this information. When you choose to provide your social security number, the auto insurance company will use it to run a soft credit check on you. Because your credit score significantly affects your insurance rates, running this soft credit check will allow the insurance company to give you a more accurate quote.

  • Your Vehicle’s Identification Number (VIN)

When getting a quote, the insurance company will require you to provide your car’s year, make, and model. In addition to this information, they will also ask you to supply your VIN. While this might seem like overkill, your VIN actually reveals specific information about your vehicle. For instance, it will tell the insurance company about the various safety features installed in the car. When the insurance company understands your car’s various features, they will have an easier time offering you an accurate quote.

  • Your Home Ownership Status

Finally, the auto insurance company will ask if you own a home. But why does this matter for your auto insurance? Well, to start, homeowners tend to be more cautious drivers, making them less likely to get into an accident. Additionally, if you are a homeowner, you might need higher auto insurance coverage limits to better protect your financial assets. Finally, being a homeowner could unlock special discounts on your auto insurance. All of these factors can affect your auto insurance rates.

This is why auto insurance companies ask you for this information.  Do you have further questions regarding your auto insurance?  Then don’t hesitate to contact the professionals at Weeks & Associates Insurance Services in Thousand Oaks. California.  Our dedicated team is ready to assist you with all your coverage needs today.

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