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The CLUE report.When requesting a California auto insurance quote, consumers should take into consideration the CLUE database system. The CLUE database enables auto insurance companies to exchange information without any notice to you, the consumer, about claims for loss of property. Insurance companies provide information about property loss claims and inquiries about coverage into a central database. If a consumer files a claim for loss against an insurance company, regardless if an auto insurance in southern California or northern California, the insurer will add this information to the CLUE database. This includes California SR22 auto insurance coverage. The CLUE report also shows the new insurer information about claims filed under your previous insurer’s policy. The CLUE report might also include information when a consumer requests a California auto insurance quote. The CLUE report includes personal information such as your name, date of birth and social security number. Tied to your identifying information is a record of any auto property loss claims you have submitted to an insurance company for the past five years. The information reported is: date of loss, type of loss claimed and amount paid by the California auto insurance auction company. Even if the insurance company does not pay any claim, the information will still be reported. Only information about property loss claims made against auto policies is included in the CLUE database. So very cheap auto insurance in California is still attainable if you have not filed any claims in the past five years. If no claim losses or no claims filed against an auto insurance provider, cheapest California auto insurance will be offered to the policyholder. CLUE reports are a way for insurers to share information about your record of filing insurance claims. Insurance companies are by nature in the business of assuming risks. The more that a company pays in property claims, the less it profits. CLUE reports are one of the ways an insurer assesses how much of a risk it is assuming by selling a consumer an auto insurance policy. The premise is that an individual’s history of filing insurance claims is a good indicator of how likely that person is to file future claims. Because the CLUE report is generally unknown to the public, consumers have little chance to prepare for a review. Erroneous information included in a report is likely to arise after a consumer has been declined auto insurance coverage for new insurance or the information could cause the insurance company to quote a higher insurance premium rate. Industry experts highly suggest that you obtain a minimum of three online car insurance quotes. |
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