Contact: (217) 355 9075 - Address: 702 Bloomington Road. Suite 205. Champaign, IL 61822 - Email: dave@insuringchampaign.com

Why do I need to provide my social security number to get an insurance quote?

Social Security Card

All you hear nowadays is to never give out you social security number to help prevent identity theft. Why do I need to provide it to get an estimate for my car or home insurance?

That’s a great question. In order to receive an accurate insurance estimate you will need to provide several important pieces of person information.  For starters we will need you legal name, date of birth, current address and zip code where your car is ‘garaged’.  If you have lived at your residence for less than 2 years we will need your previous address. You must also supply certain information about your vehicle. Year Built, Make and Model are mandatory and if you have the VIN it will help get you a more accurate proposal. There are so many sub models to cars today (LX, EX, LT, etc), the VIN is very helpful in getting the most accurate price first.

Next is the sticking point for some people…the social security number. It is need for two reasons.

  1. 90% of insurance companies use information from your credit report to help determine your rate. Don’t worry, the agent won’t have access to your credit score or credit report. Each company will take whatever information they are looking for and assign you an “insurance Score”. This ‘insurance score’ will determine what group they place you in for rating your policy.
  2. The main reason your social security number is needed for an accurate insurance quote is that most insurance companies use a loss sharing service called CLUE (Comprehensive Loss Underwriting Exchange). Any prior losses or claims will be stored here under your social security number.  The company needs to verify if you have any losses or claims before they can assign you an accurate rate.

If you are just looking for a quick estimate, you shouldn’t need to provide your social security number. When you are looking for a more serious quote the insurance company will need this information to complete your proposal. 

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About Us

Rueck Insurance is your independent, one-stop insurance center for all your personal and business insurance needs in Illinois. Insurance shopping is easy when the Protection Team provides you with multiple quotes to choose from. You will always know you are getting the best coverage at the lowest possible price.

Contact Info

Rueck Insurance is your independent, one-stop insurance center for all your personal and business insurance needs in Illinois.

702 Bloomington Rd#205
    Champaign, Illnois
(217) 355-9075
dave@insuringchampaign.com

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