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Insurance companies buy your reports from states or 3rd party aggregators who bought from the states. It can actually cost a lot. Oklahoma charges a hefty fee.
by mint2 7y ago
Insurance companies buy your reports from states or 3rd party aggregators who bought from the states.
It can actually cost a lot. Oklahoma charges a hefty fee.
Some of this cost is passed back to the consumer through higher overall rates.
But because some people aren’t honest about their tickets and accidents, the reports help prevent clean drivers from subsidizing accident prone but not truthful drivers.
- harikb 7y agoI see what you did there. The entire reason insurance company buys the data is to raise rates by zip code or whatever they do. Now if the insurance is anyways f-ing me over, I might as well have the state/gov earn some money from it. Ask the insurance company for some of their data and see if they provide for free