Why Auto Insurers Request This Information

Why Auto Insurers Request This Information

Here’s why auto insurance companies ask you for this information.

When getting an auto insurance quote, the insurance company will request certain pieces of information from you. But why do they need this information? Here are some of the things auto insurers will ask you for and why they need to know this info.

Your Social Security Number

While you are not required to provide your social security number to get an insurance quote, auto insurance companies will give you the opportunity to provide this information. When you do provide your social security number, the insurance company will use it to run a soft credit check on you. Because your insurance rates are highly dependent on your credit rating, running this credit check will allow the auto insurance company to offer you a more accurate insurance quote.

Your Vehicle Identification Number (VIN)

When you request an auto insurance quote, the company will require you to provide your vehicle’s year, make, and model. In addition to this base information, they will also ask for your VIN. While this might seem like overkill, your VIN actually provides information specific to your vehicle. For instance, it details the different safety features you have installed in your car. The more your insurer knows about your car, the more accurate the quote they can offer you.

Your Home Ownership Status

Before offering you a quote, an auto insurance company might ask about your home ownership status. But was does owning a home have to do with getting coverage for your car? Well, for starters, homeowners tend to be more cautious drivers, making them less risky to insure. Additionally, homeowners might require higher coverage limits, as they have more financial assets to protect. Finally, being a homeowner might unlock special discounts on your car coverage. All these factors will affect your insurance needs and will therefore affect your insurance quote.

This is why auto insurers request this information from you.  Do you have further questions regarding your auto insurance?  Then don’t hesitate to turn to the experts ay East End Insurance Agency in Southold, New York.  Our dedicated team is ready to assist you with all your coverage needs.  Contact us to get started today.

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