Have you heard the saying “Honesty is the best policy?” The next time that you are shopping for insurance, consider a little known fact: The more accurate the information that you provide during the auto insurance, home insurance, renters insurance, commercial insurance and/or SR22 quoting process, the better your rate will be. It is imperative that the information you provide is true and as accurate as possible, whether it is good or bad as it will be scrubbed through multiple databases.
If you omit information, such as drivers or provide information that is substantially inaccurate (tickets, accidents, household members), the rate that you are quoted is more than the rate you would have paid had your information been initially correct. In other words, if you force the insurance company to uncover information or correct your information, you may pay more.
For a myriad of reasons, customers will sometimes not disclose the names of all drivers in their household. Insurance companies have a number of ways of verifying who the potential drivers are. MVR reports reveal who has a license with that particular address as well as traffic convictions. There are also a number of other databases that provide household information. Insurance databases will also reveal who has had a claim, whether they were at fault or not.
Different companies will weigh this information differently but the important point is that it is hard to cover up potential drivers, tickets or accidents. Be honest about it to get the cheapest auto insurance rate as eventually, it will come to the surface.