How would auto insurance company know if I am unemployed?

How would auto insurance company know if I am unemployed?

I noticed someone posted that their auto insurance rates went up since they are unemployed. I have been unemployed since February and my rates stayed the same. I don'-t tell the insurance company that I lost my job. How will the insurance company know if I am working or not?

David

they do not know that. they run your credit so they can see if your score is decreasing.

schuby

If they checked you out with social security. If you are paying your payments on time there will be no reason to check on you, but rest assured, if you miss one payment they will be all over you.

mbrcatz

They don't know if you are employed or not.It's not based on employment - it's based on credit score. Likely, that other person also stopped paying bills.

rotflol

They don't know or care. And just because someone stated that in a posting doesn't mean that it's true. Their insurance may have been raised for other reasons.

Ask

insurance

Popular Q&A

How much is car insurance in Vancouver, BC Canada?
Car insurance is kind of expensive in Vancouver. You pretty much have to get it through The Insurance Corporation of British Columbia (ICBC).Their rates are based on past driving records, year, make, model of car, how much you drive it, etc... If you are moving from another province or country...

When changing auto insurance companies, am I bound by law to show the new policy to the old insurance company?
If you were to have asked Farmer's to cancel as of a previous date -and had NO replacement coverage as of that requested cancel date, then Farmers would have been allowed to charge you up until the date you actually requested cancelation. If you had already paid the premium in advance, you'd...

What auto insurance company or small company is cheap for drivers under 25 in arizona?
A good insurance company for one may be the worst for another. Your question cannot be answered. Simply do what we all have to do. call around for quotes and choose the best quote for YOU. There is no such thing as a "small" or "cheap" insurance company in Az or anywhere.

How do you get a dealer's license in Texas for auto auctions?
First you need garage liability insurance, which is mandatory in most every state. That runs $2500-3500 per year depending on your age & driving record.A retailer requires a place of business, a legit car lot.A wholesaler doesn't need that but can only buy & sell to dealers.In other words,...

Why is it so bad to be required to have health insurance?
Every state except NH requires auto insurance . . . and it doesn't work. In some states, like mine (TX) up to 25% of the cars on the road are estimated to be uninsured.The POINT is, it's unconstitutional. Besides property taxes, we shouldn't be forced to buy ANYTHING.