by Guest » Wed Jun 11, 2008 07:13 pm
Hello everyone!
Does anyone know if insurance companies keep their own driving records?
I want to get insurance for my first car, but I have one speeding ticket and one “unsafe move” offence. These two things will be gone from my abstract visible to the insurance companies by next year, however, I'm wondering if they keep their own records as well. So, if I was to apply for insurance now and on my file I have those two offences, even though they disappear from my abstract next year it will still be on my insurance file regardless.
Anyone know if my worry is justified?
Does anyone know if insurance companies keep their own driving records?
I want to get insurance for my first car, but I have one speeding ticket and one “unsafe move” offence. These two things will be gone from my abstract visible to the insurance companies by next year, however, I'm wondering if they keep their own records as well. So, if I was to apply for insurance now and on my file I have those two offences, even though they disappear from my abstract next year it will still be on my insurance file regardless.
Anyone know if my worry is justified?
Posted: Wed Jun 11, 2008 07:18 pm Post Subject:
As far as DMV records, no they do not keep these.
Posted: Wed Jun 11, 2008 07:36 pm Post Subject:
Hi tcope;
do they keep a talley to what was on those records though?
Example: if I got a speeding ticket 10 years ago, would they still have it "on file" if they found out about it 10 years ago when I applied for the insurance?
Posted: Wed Jun 11, 2008 08:22 pm Post Subject:
They don't keep DMV records but they do have access to claims information from most companies. It's called a CLUE report. But I think these only last 7 years. But if no claim was made as a result of the speeding ticket, they would not know about it unless it was still on the DMV records.
Most insurance application only ask for the last 7 years of information. This is because if it's older then 7 years, they don't/can't consider it.
Posted: Thu Jun 12, 2008 12:05 pm Post Subject:
Most carriers will run a clue and also a dmv report on a new application for insurance, if it still shows on the dmv report it may show or be reflected in your premium...most carriers only go back 3-5 years...if you are asking if in say ten years will that still show up on your policy...then no doubtful
Posted: Thu Jun 12, 2008 04:10 pm Post Subject:
no i don't think they keep driving records... because if they do, a lot of people won't be able to apply for car insurance
Posted: Fri Aug 29, 2008 07:35 am Post Subject:
Well the insurers run a check on the applicant's driving record as well as claim history as their underwriting process before writing the policy to him. And any infraction is likely to surface during this investigation. A moving violation may stay on someone's record for three to five years. Hence, anytime during this period its likely to appear in your record if you apply for a policy, and will affect your rates.
The Comprehensive Loss Underwriting Exchange Reports is another important document that the insurers check while writing a policy. This document reveals the claim pattern of the applicant. Hence, if you haven't filed any claim in the last few years, you can expect a good rate slash :)
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