Many people have things on their driving record that they don’t want insurance companies to see. Especially when you are ready to move insurance companies, you might be wondering if insurance companies share information. Technically, insurance companies do not share information at all. However, insurance companies do have access to the exact same information. This information has your driving record in its as well as whether or not you have submitted any claims. Insurance companies can also get access to your credit score, although, some insurance companies choose not to look at this.

Is There Anything I Can Do So My Insurance Company Can’t See My Information?

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No matter what you do, your insurance company is capable of purchasing your information to look at. The only way that an insurance company will not be able to see your information is if it is in the past. Insurance companies only look so far back when they look at your driving record. Depending on what exactly is on your driving record, your insurance company may or may not see it. Some insurance companies look further back than others and you really won’t know how far back an insurance company looks unless you ask them.

Do Insurance Companies Share Claims?

Depending on the circumstances of an accident, sometimes insurance companies split the bill on insurance claims. Generally, this only occurs when there is proof that both drivers were at fault for an accident. If for example one driver was 75% at fault and the other driver was 25% at fault, the insurance companies will likely agree to split the claim on a 75% to 25% basis. Often times, however, there is only one driver at fault for an accident so insurance companies do not always share insurance claims.

What Happens If I Submit False Information To My Insurance Company?

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Submitting false information to your insurance company is not legal. It is terrible to have on your driver’s record and it is also not good in terms of your insurance. When someone submits false information to an insurance company, they run the risk of not being covered when a claim is submitted. Occasionally, mistakes are made. However, insurance companies tend to catch mistakes and they will likely check in with you if they think a mistake has been made. When this occurs, you are unlikely to be penalized. However, if you purposely make a false claim or commit a fraudulent act, it is not going to end well. You might lose your insurance company and you are likely going to have a very tough time getting insurance through a different company as well.

How Often Do Insurance Companies Check Your Driving Record?

If there is something on your driving record that doesn’t look good, you will likely be happy hearing this information. Insurance companies do not check your driving record until your policy is almost up. Legally, insurance companies are not allowed to change your insurance policy in the middle of a policy term. The only time when your insurance company is likely to run your record again is about 45 days before your policy expires. Legally, your insurance company is required to send you renewal paperwork before your policy expires. Before this paperwork is sent out, you can expect your insurance company to run your record and decide if your insurance rates should be changed.

Do Insurance Companies Share Information With The Police?

Insurance companies are only legally obligated to share information with the police if a crime has been committed. You, however, are also required to submit information to the police if an accident occurs where the damage is over $2000. After an accident occurs, you have up to 24 hours to report an accident to the police. If there is no emergency and no one is injured at the scene of the accident, you do not necessarily have to call the police to the accident scene. It is best to call the police as soon as possible though, so the accident is fresh in your mind and you can give the best description of what happened.

Will My Car Insurance Company Be Able To See Information About My Home Insurance?

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Even though home insurance is a completely different type of insurance, your insurance company has access to your data. In fact, your home insurance information can affect your vehicle insurance policy. A bunch of claims on your home insurance is good proof to an insurance company that the area you live in is not very safe. And in all likelihood, if your house is being damaged on a regular basis, your car will be as well. Looking at your home insurance policy is also a great way to see whether or not you make payments regularly to your insurance. Your insurance company can use this to tell if you’re going to be a trustworthy client.

How Can a Consumer Reporting Agency Affect My Insurance Policy?

A consumer reporting agency is the place that car insurance companies go in order to get your driving history. Consumer reporting agencies collect all kinds of information about you. You can expect that consumer reporting agencies have financial information about you, your driving records, your credit history, etc. Due to this reason, you can expect that a consumer reporting agency can impact your insurance policy. When an insurance company goes to a consumer reporting agency and finds the information they want to use to change your insurance policy, they have to notify you of where they got that information. For your own benefit, you can retrieve a free consumer report so that you know where you stand. These consumer reports are available around once a year.

To Conclude

For some people, it is extremely unfortunate that insurance companies can see your previous history. However, your driving history is always in the past and you can always improve you’re driving skill and safety approach. The longer you drive without making a claim on your insurance, the cheaper your insurance premium is going to be. However, sometimes it is necessary to make an insurance claim. Even though your insurance premiums may rise as a result, at least you have the money to be able to pay for the accident and move on afterward.

Resources:

http://www.thetruthaboutinsurance.com/do-insurance-companies-share-information/
https://www.wikihow.com/Know-Whether-to-Call-the-Police-After-a-Car-Accident
https://www.consumerfinance.gov/ask-cfpb/do-auto-and-homeowners-insurance-companies-share-my-information-about-claims-and-policies-en-1821/