Do car insurance companies share information with each other?

If I apply for insurance with one company, can I automatically get rates with others? Do companies share information?

Answer
“Due to privacy laws surrounding car insurance companies and other financial institutions, companies don’t usually share information.
If you’re requesting car insurance quotes from multiple companies, they’ll each have to obtain your personal information and reports to determine a rate.
However, they all have access to the same information. As car insurance companies look at your credit history, driving record, claim history, and prior insurance, they’ll each see the same information even though they aren’t sharing it.
When you apply for car insurance, each company is required to provide you with a privacy notice. This will give you more information on how they use your personal information and what you’re consenting to when applying.
But instead of applying to each car insurance company individually, why not save yourself some time? Sign up with the Jerry app to compare rates from dozens of car insurance companies so you always get the best rate possible.”
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Emily Maracle
Answered on Sep 10, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.
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