How To Check Your Claims History
Access to past claims history means you’ll know whether your auto insurance costs will be lower or higher, giving you a better idea of how much you’ll need to budget. Checking your claim history will also help you see if there are errors in your profile holding your rates high. However, you might wonder how to check your insurance history. There are ways to check your claim history. The easiest is asking your current car insurance provider for details of any accident claims you’ve made. Alternatively, you can request your Claims Loss Underwriting Exchange report through a consumer reporting agency or by visiting the company’s website. You’ll have 30 days to access your report online, but you can also download it to your device.Why Do Insurance Companies Look At Claims History?
You already know that auto insurance companies look at your driving and claims history to determine your rates. Since insurance companies can’t follow drivers around to see if they’re driving safely, the solution is to base risk and rates on the driver’s past driving record and claims history. Then, your insurance company can charge you the correct fee by reviewing your claims history.How Long Do Claims Stay On Record?
While accident claims will only influence your rates for three years, the claims will remain on your auto insurance history for seven years. After that period, any insurance surcharge applied will drop.
