Why do insurance need a SSN?

Your insurance is the only organization in a long list that will ask your social security number (SSN). All insurance companies follow this long - established and completely legal - practice for various reasons. IdentityEven although it was never originally intended, your SSN is a nearly foolproof, to verify your identity. In fact, you are reduced to get hard to find a company willing get tried without previously valid driver cover insurance to extend credit or even job to take advantage of an insurance policy of a Member State other than their State of residence SSN.ResidencySome premiums. Your SSN, an insurance company take a background report and determine your true state which is residency.Driver AbstractYour VMS linked your driving history holding insurance company may obtain summary the driver for your. This allows to determine premiums and the limits of your policy, the insurer or to determine whether you should you offer a policy one all.Credit HistoryCredit history and notes that the two plays important role in the decision to an insurance policy to cover you. Your SSN is required to verify your credit history.SecurityIf that select an insurance to cover, probably a feature of the phone which is an easy way to your identity check and your account.Legal RequirementRegulatory protect insurance agencies in two security and federal insurance, certain information about your customers, including your u-boats to report require your SSN.