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?

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This entry was posted on Thursday, September 17th, 2009 at 5:26 pm and is filed under Cheap Auto Insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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4 Responses to “How Would Auto Insurance Company Know If I Am Unemployed?”

  1. mbrcatz Says:
    September 17th, 2009 at 5:26 pm

    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.

  2. schuby Says:
    September 17th, 2009 at 5:26 pm

    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.

  3. jlf Says:
    September 17th, 2009 at 5:26 pm

    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.

  4. David Z Says:
    September 17th, 2009 at 5:26 pm

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

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