Do the insurance companies check your credit report and your criminal record when they give you insu

i just got a new/old car and my dad is carrying the insurance and he gave me questions that the insurance companies needed answers for from me.. like my social security number, marital status, if i have a child or not, drivers license number, and something else.... i can understand but i just want to know what they are going to do with it?

Do the insurance companies check your credit report and your criminal record when they give you insurance?

An insurance score is a score calculated from information on your credit report. Credit information is very predictive of future accidents or insurance claims, which is why most insurers, uses this information to help develop more accurate rates. Each insurer has its own method for evaluating this credit information.

Favorable credit information results in lower premiums. Because both above-average and below-average factors are evaluated, you still have the opportunity to get a lower rate, even if there are some below-average items in your credit history.

Favorable credit factors might include:

Long-established credit history

Numerous open accounts in good standing

No late payments or past due accounts

Low use of available credit

Unfavorable credit factors might include:

Collection accounts

Numerous past-due payments

High use of available credit

Numerous recent applications for credit

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Do the insurance companies check your credit report and your criminal record when they give you insurance?

they%26#039;ll check your credit and your driving record, but not your criminal history (that i know of)

Do the insurance companies check your credit report and your criminal record when they give you insurance?

yes

Do the insurance companies check your credit report and your criminal record when they give you insurance?

Some of them might check your credit because they want to know that you can pay the insurance, but if you are being added to your dad%26#039;s policy then they need that info to calculate your rates

Do the insurance companies check your credit report and your criminal record when they give you insurance?

They want to know you are responcible. After all, why should they stand behind you if your not.

Do the insurance companies check your credit report and your criminal record when they give you insurance?

yes,check everything

Do the insurance companies check your credit report and your criminal record when they give you insurance?

They will check your credit and then apply a formula to your credit score that will determine your premium rate. This is a common insurance industry practice. Good luck!

Do the insurance companies check your credit report and your criminal record when they give you insurance?

Credit record, yes, usually. Criminal record not usually. Social security number is really not their business unless they have some compelling reason for having it, and they have to disclose why they need it to get it. As to the rest of the information they are asking, it is so they can establish a rate for your coverage.

Do the insurance companies check your credit report and your criminal record when they give you insurance?

Well, the CREDIT score is used in rating and eligibility determination, before the policy is issued.

If you say yes to the felony, they will ask for more details - if it%26#039;s insurance fraud, they won%26#039;t insure you. If you say no to a felony, they won%26#039;t run the criminal backround check on you unless you file a claim that looks suspicious. At that time, if they found out you lied on the application, it can void out the policy.

Do the insurance companies check your credit report and your criminal record when they give you insurance?

All of the things that they are asking for are normal. If you are being added to your parents policy then they will not run a credit check on you because they are using your dads credit. Your marital status does make a difference so they need to know that. Many companies offer discounts for under age 21 drivers that have children. Everything they have asked for is normal information they would have to have in order to add you to your dads policy.

Do the insurance companies check your credit report and your criminal record when they give you insurance?

Ask them. Some do, but I work for a company which doesn%26#039;t.

Do the insurance companies check your credit report and your criminal record when they give you insurance?

Yes of course they will that thing from you because some information gathered from will be use as a basis for your car insurance rate. You can try to visit this cheap car insurance site http://www.nightbirdssolutions.com for some car insurance company that offering a much cheaper car insurance payments. Collect some quotes from here and compare different prices and select the best one for you.

Do the insurance companies check your credit report and your criminal record when they give you insurance?

SOME DO AND SOME DO NOT.

IT WOULD BE DONE FOR THEIR PROTECTION BECAUSE THEY WILL BE LIABLE TO A DEGREE IF YOU DO SOMETHING WRONG.