First, let’s dispense with the scam version of this insurance. With identity theft in the news so much lately, con artists have set up telemarketing boiler rooms to call people and try to scare them into buying worthless credit insurance products. Representatives will try to convince you that you’re at risk if someone gets hold of your card and starts making fraudulent purchases in your name. When they call, they may even pretend to be from the “security department” of your bank. In fact, they may actually be part of an identify theft ring, with the goal of getting you to disclose personal information over the phone. Or they may simply be trying to make a fast buck by selling you an insurance policy that you absolutely don’t need.

Under Federal law, you are limited to a maximum of $50 liability for unauthorized use of your credit card. If you didn’t authorize a charge, don’t pay it! Follow your credit card bank’s procedure for disputing bogus charges. You simply don’t need insurance to protect yourself from a situation that is already covered by Federal law!

Now, what about those “payment protection plans” offered directly by the big credit card banks? These are plans that promise to cover your minimum monthly payments for an extended period of time (usually 12-24 months) if you get laid off from your job, become hospitalized due to an accident or illness, or become disabled. On the surface, a plan like this sounds like a pretty good idea. After all, how could you keep up with your payments if you suddenly lost your job or became too ill to work?

Of course, you should not be carrying balances on your credit cards anyway. If everyone paid their balances in full every month, then credit protection insurance would not even exist in its current form. You are charged for the insurance based on the amount of debt you’re carrying on the card, so if the balance is zero, then there is no fee. In fact, some bank representatives use this as part of the sales pitch when trying to entice people to sign up for that “free 3-month trial” on their payment protection plan! They attempt to talk you into adding the insurance now, while you don’t need it and when there is no cost, in the hope that one day you will start carrying a balance. By then, you’ll probably have forgotten you signed up, and you’ll wonder what those mysterious charges are on your statement every month.

If you do carry balances on your cards, credit protection insurance is still a very bad deal. To see why, let’s look at the math here. A typical loss protection plan costs 85 cents for every $100 of balance carried on the card. So if you’re carrying a debt of $5,000 on the credit card, it will cost you $42.50 per month to buy the insurance. Over the course of 12 months, you will spend $510 under this scenario. That’s equivalent to paying an extra 10% in annual interest!

A light bulb should be shining over your head right about now. Why not take that same $42.50 per month and use it to pay down the balance faster? Good question. When you consider that most consumers who have credit protection carry it year after year, without ever becoming eligible for a claim against the insurance policy, the amount of wasted money can add up to a truly staggering sum.

Continuing with our $5,000 example, with a typical minimum payment of $125/month, it will take more than 26 years to pay off the balance in full, at a cost of $7,115.42 in interest. By applying that extra $42.50 per month that would otherwise go toward the insurance, for a total monthly payment of $167.50, you’ll have the debt paid off in only 40 months! And you’ll have saved $5,435.22 in interest charges. It simply makes no sense to waste this money , especially when you consider that the credit protection plan is normally only good for 12-24 months anyway.

There’s another important factor involved here. Credit protection is also a bad deal because the eligibility requirements are so very restrictive. When you read the fine print, you’ll realize that there are all kinds of situations that aren’t covered. Let’s say, for example, that you’ve been fighting a medical condition for some time. So you buy the insurance thinking it’s a good idea. Eventually, you end up in the hospital for treatment and recovery. Can you breathe a little easier knowing your credit card payments are covered? Nope. Most of these policies have exclusions for pre-existing conditions. And there are numerous other loopholes that allow the bank to deny your claim under the policy. In view of the lousy math and the restrictive nature of this type of insurance, these programs should really be named “bank profit protection” instead of “credit protection insurance.” Instead of spending good money on an insurance plan that you will probably never use, you’re far better off applying that same amount toward paying off the debt early.

Many people with health insurance fail to realize that their insurance card is as valuable, maybe even more valuable then their credit card. When it comes to paying for medical expenses, depending on the limits of your policy, a valid Blue Cross Blue Shield Card can be like holding a platinum Amex Card with A Million-Dollar credit limit. And if you are not aware of this be assured that thieves and unscrupulous medical providers certainly are. According to Byron Hollis, The National Anti Fraud Director with the Blue Cross and Blue Shield Association, “It’s an old problem that people are becoming more aware of…” According to the World Privacy Forum since 2002 it has received more than 20,000 complaints of Medical ID theft, in ever increasing annual numbers. The most obvious way that medical ID theft occurs is if someone simply steals your insurance card and begins using it to procure medical services. This can mount up in a dangerous way, because again, most consumers are just not aware how important a lost insurance card can be, and will not report it immediately like they will a credit card. As the thief continues to rack up bills for illegitimate expenses the problem becomes twofold, not only in fraudulent charges being billed against your medical insurance policy, but the thief may confuse your medical history with their own, by ordering tests and medications that you do not require. This can have a serious impact on your future healthcare.

But perhaps more insidious is when the theft occurs when you use your health insurance benefits legitimately at the office of a medical provider and that information is lifted by an unscrupulous employee and sold on the open market. Many hospitals and HMO’s are implementing plans to fight Medical ID Theft, in the meantime if you want to be sure your information has not been hijacked, ask you healthcare provider for the most recent copy of your medical records, and ensure that all of the procedures, treatments and history of your conditions are indeed yours. Check all of your bills meticulously and look for any fraudulent charges. And protect your Health Insurance numbers and ID Cards just as you would your credit cards and Social Security Number.

If you suspect you have been a victim of Medical ID Fraud first contact your Insurance Company and ask to speak directly to their Anti-Fraud unit, then contact the police, and lastly you may want to contact your medical provider, but experts agree that since they may be involved in the crime, it is best to contact them LAST, after the police and your health insurance company so as not to tip the hand of the possible perpetrator.

The good news is, if you do find yourself the victim of identity theft your homeowners insurance could be standing by waiting to help you pick up the pieces.

No, your homeowners insurance isn’t going to be able to do a whole lot to help you work things out with your creditors if you owe money as a result of someone ripping off your identity. You’re on your own there. The good news is, most creditors are already knowledgeable in the ins and outs of identity theft and are standing by waiting to help you reclaim your identity-usually with very minimal damage to your checkbook. (The average victim of identity theft usually pays only $50 or less per creditor to settle false identity claims.)

The catch is, how many government agencies and credit companies do you know that regularly do business on weekends and evenings? Few to none? Yep, unfortunately, most of the agencies you’re going to have to work with to reclaim your identity keep banker’s hours, which is great news for the people they’ve got working for them but doesn’t work out so well for you! Studies show that while you may only pay $50 to settle your claims, you’re going to miss an average of 172 hours of work going to offices, filling out paperwork and making phone calls to do it.

That’s almost an entire month’s paycheck. Can you afford to live with no income for an entire month? Even if your vacation time covers it, don’t you have something better to do with that? If not, we can give you a few suggestions!

Your homeowners insurance company can step in and help you reclaim your lost wages under your identity theft protection insurance (which may or may not be a standard part of your coverage policy-you may find you have to pay a little extra each year, although it’s still far less than you’ll lose in wages). They’ll also help you pay for any long distance phone calls and postage, since those can get fairly pricey, fairly quickly.

Then there’s the lawyer.

There’s no limits to the amount of damage a person can do if they steal your identity. You may find yourself in need of legal assistance to help you straighten things out-and a good lawyer doesn’t come cheap! Your homeowners insurance will help cover the cost of your legal expenses so you can get your life back-as soon as possible.

Hence, in most aspects of capitalism, people try to profit from others in any way they can.

However, not all aspects are win-win. If same shops sell the same product at a different price, of course, you’ll pick the cheaper package. In this case, picking a package that makes the shop profit more will tend to hurt you.

The same thing works for insurance. A good rule of thumb on whether an insurance package is good for you or not is whether the insurance program makes a lot of money doing it or not.

No, I am not advocating that such huge profit should be prohibited. To the opposite, when an insurance company makes a lot of money, then they’ll invite competitors that’ll shift their profit back to you. Free market is still the best in this area. I am advocating that you don’t buy such insurances.

The same way, I am not advocating that merchants shouldn’t make a lot of money selling their products to you. I am advocating that you should buy from the business providing the best product, and service, at the least costs. That’s how capitalism works.

The following are insurance programs where insurance companies make a lot of money. Hence, avoid these programs like plague.

Flight Insurance

The safest way to travel is by airplane. There is a statistic that says that if you travel by airplane every day for 1000 years, you’ll probably get a plane crash once. Even then, you’ll survive. However, plane incidents are always reported on TV. That causes fear. Humans act based on emotions and feel that flights are much less safe. Not only that, you also have life insurance covering your life.

Mortgage Life Insurance

I have found out that you’re better off buying term life insurance. Again, in general, insurances that are mixed with something else, like mortgage, or savings, are usually bad ideas. The more things are mixed, the more consumers are confused. The more confused the consumer, the more money insurance companies make.

Credit Card Lost Prevention Insurance

By law, your lost is limited to $50. So don’t buy.

Accidental Death Insurance

Stick to regular good old term insurance. The probability that you’ll die due to accident is lower than you think.

Rental Car Insurance

This is also another rip off. Insurance companies make too much from this. Chances are, it’s already covered with your regular car insurance. Think of it this way, you use your car for a whole year. If you rent a car for 1 day, then the probability that you will have a car accident within that 1 day should be around 1/365 of your regular car insurance. However, rental car insurance is sold at much higher price than that.

Children Insurance

“Mommy, our kids are dead, I am so sad. But fortunately, we got them insured. So we got cash.” There are only two ways why you should buy children insurance. First if your child is the bread earner of the family. Second if you plan to hack them into pieces. I’ll explain more why when we understand the true nature of insurance on http://FasterFinancialFreedom.com/art.390.0.html.

Identity Theft Insurance

The hassle of going through claiming the insurance coverage is better spent on checking your free credit report.

Insurance, Risk, and Investments

Every time you put $1 in an insurance, you’ll probably get $.50. The other $.50 goes to the insurance companies and to their seller. Most of the time, the ratio is even higher.

For example, say you buy term insurance for $1 million. Say you paid $2000/year for that kind of insurance. Then I bet, the insurance companies know all along that the probability you’re going to die that year is only 1%. Hence, the insurance companies make $2 for every $1 they pay in claims.

The more complicated the insurance, the larger the ratio. In permanent insurance, for example, insurance companies probably make $5 every $1 they pay.

You can’t win in insurance by buying more insurance. Your true gain doesn’t come from the higher expected value of your return. Your gain comes from increased stability of your business. Say you have a lot of houses that’s all in the bank. Say one of them is on fire. Then a $100,000 lost can cost you way more than $100,000. Perhaps it’ll force you to fire sale your other houses at cheap price. You see how financial instability can knock you out of business? Insurance addresses this.

Also, with insurance, your income from year to year becomes smooth. Women like stable income. IRS are more lenient towards stable income too. You’ll pay less tax if you earn $50,000 per year for 10 consecutive years than if you earn $100,000 per year for 8 years and lost $150,000 per year the next 2 years. The former case will put you on lower income tax bracket and relieve you from paying the tax on the extra $50,000/year that you’re going to lose.

So what are the tips?

Do not over Insure

Remember, the benefit of insurance is stabilizing your income. If you over insure, your income will be instable again because you’ll actually make more money if your house is on fire than if it stays in charge.

Now, some people love to over insure. The only time this can be profitable is if you plan to burn your house. This is illegal, however. Insurance companies understand that those who are over insured are less likely to guard his house well, observe fire codes, and so on. So, they charge much higher premiums.

Keep the Co-payment Threshold High

In many insurances, you pay the first $10,000. The insurance pay in addition to that cost. Say you wreck your car. Say the cost is $5,000. You pay for it. However, if the cost is $100,000, then you pay the $10,000 of the cost, and the insurance pays $90,000.

Why is the co-payment high? First, insurance claiming is not easy. There’s a lot of fraud going on and there’s a lot of administrative processes that need to be done. If the insurance company puts the administrative cost to the claimant, they’ll lose customers.

“Oh I lost my house, but I have to cough up even more money to get money from my insurance.” Only governments can do such cruelty and stay in business.

So what do insurance companies do? They put the administrative cost in the premium.

So the premium becomes high. After all, if your loss is small, why not just pay for it? Saving the lesser premium in investments will be more than enough to pay small losses without losing your financial stability.

It’s also never a good idea to file a claim for small losses. Filing such claims will make insurance companies mark you as a high risk. Hence, they’ll raise the premium even more.

Sell Life Insurance Policy

The problem with term life insurance is you receive it after you’re dead. Well, sometimes you can get your money before you die. That process is called viatical settlement. It’ll only work for those whho are terminally ill. So an investor pays a reduced version of the coverage. After you die, the investor gets the coverage from the insurance company.

The company recommended that people reviewed their current insurance policies to ensure they had adequate cover. Many people are paying for new insurance for things they are already covered for by existing policies, and some are taking out cover which is very unlikely to pay out.

An example of this is identity theft insurance purchasers, who are already covered by their bank or building society under the banking code, which specifies that the victim should be reimbursed.

Which? went on to assert that life insurance policies often include accidental death and injury cover, and mobile phones are covered by contents insurance. It pays to be insured in case anything should happen, but paying out twice for the same thing is a waste of money.

Payment protection insurance (PPI) has come under scrutiny from Which? for a long time, the company has pointed out high premium prices and high obstacles which often mean insurers will not pay out on policies. PPI is supposed to cover repayments on loans, mortgages and credit cards if the borrower finds themselves in a situation where they cannot meet the payments themselves, it has been widely criticised for being over-prices and only offering limited benefits to customers.

The author of the Which Money Saving Handbook, Tony Levene said: “The insurance industry’s favourite phrase is “peace of mind”, but it uses this to justify policies that cost a lot and are almost impossible to claim against, “Instead of just blindly following what the salesman says, people should carry out a risk assessment of their own, and make an informed choice about whether they actually need the insurance, and whether it’s worth the premium.”

PPI has faced much criticism over the past few years, earlier this month the HFC was fined £1m by the Financial Services Authority, for not ensuring 163,000 of its customers were properly informed when they bought PPI from the company.

This was the ninth fine of this type the financial regulator has enforced upon insurers for failing in this field. The Financial Ombudsman Service (FOS) has also reported a steep increase in complaints by consumers about PPI policies.

The last financial year saw 2,000 complaints about PPI registered by the company, the first nine months of the new financial year saw 5,000 complaints made. Alongside this figure a 30% increase of complaints about car insurance was also recorded.

In a response to the Which? survey finding, the Association of British Insurers (ABI) said that consumers should carefully research their options before taking out any cover to ensure it is a necessary purchase. As Which? commented there are some types of insurance which are necessary and the number of cheap life insurance policies available mean that it is not impossible to be covered for the right things while avoiding the wrong.

ABI director, Nick Starling, said: “It is important that people look into their individual circumstances to ensure they have adequate insurance for their needs, particularly for life changing events such as unemployment and ill-health.”

”The sale of insurance is regulated but consumers should also be asking questions so that they can decide if a product is right for them,” he continued.

Starling said that the FSA has asserted that if sold correctly PPI insurance can provide and valuable protection for any customers who need to claim.

POLICIES WORTH HAVING

1. Trip insurance: Many people don’t understand that their health insurance may not cover them if they become ill when traveling overseas. Trip insurance reimburses you for emergency medical expenses and a medical evacuation. It also covers cancellation or interruption of a trip due to your illness or bad weather, such as a hurricane or tornado, as well as luggage that is lost or damaged in transit.

Coverage typically runs between $100 and $200 per trip, depending on the destination and the traveler’s age.

2. Pet health insurance: This insurance is becoming cost-effective as more advanced and expensive treatments are made available for pets. A pacemaker for a dog could cost several thousand dollars.

Ask your veterinarian about the best policies. You can get the coverage for dogs, cats and other critters. Premiums can run $200 to $1,000, depending on the pet’s age, breed and where you live.

3. Credit card surveillance: Although it isn’t really insurance; credit card monitoring protection through your bank card issuer ensures that you are notified of any change in your credit profile – unusual spending, card applications or changes of address.

Cost: $30 to $75 a year.

New trend: Identity theft insurance. A credit card company will protect you against phony charges – you are liable for only up to $50. But they won’t help you fix the mess that identity theft often creates. Identity theft insurance reimburses you for expenses such as lost pay while you are straightening things out.

According to industry research, the average ID theft victim spends hundreds of hours restoring his/her financial reputation. If you have credit card surveillance, you probably don’t need personal identity theft coverage unless you have many cardholders in your household or business. Annual coverage costs vary. Check with your credit card issuer or insurance company. A growing number of employers also are offering identity theft insurance as a perk.

POLICIES TO AVOID

1. Terrorism insurance: This insurance started to appear after 9/11 to play into Americans’ fears of a terrorist attack. Insurance that focuses strictly on terrorism is geared toward businesses and covers such costs as relocating a firm or replacing damaged equipment. Even then, business-interruption insurance is a better option – it also covers fires, floods, etc.

2. Water line protection: Very few people need this niche coverage, which pays for damage caused by leaks in the water service line that runs from the curb valve into the home in towns that have public water. The coverage is worth considering only if your neighbors have experienced problems due to age of the pipes or geological issues.

Also: Check for duplicate coverage.

Example: One of my friends had to have his house jacked up to replace the water pipes below it, but he didn’t need water line insurance because the $11,000 cost was partially covered by his homeowner’s insurance.

3. Accidental death and dismemberment insurance: This insurance pays out if you are killed accidentally. Don’t waste your money on it. Regular life insurance covers you when you die.

4. Disease-specific coverage, such as cancer insurance, also should be avoided.

Liability Insurance:
Your Life is precious and we make efforts to reduce risks in the best manner we can. History of Insurance shows that it was introduced to reduce the risk of traders and merchants. But slowly the civilians started using the format to insure their personal lives. An important part of a sound financial plan, Life insurance ensures financial protection and enables maintenance of the same lifestyle even after the unfortunate demise of a loved one. The beneficiaries can utilize the money to replace the income one would have earned or help pay off debts or other expenses. Apart from these, there are other risks that need to be managed in professional and private life.

Death & disability insurance:
We believe in own-occupation disability insurance coverage. It provides the most comprehensive long term disability insurance coverage available. Do not be fooled by many insurance companies who try to sell you “modified” own-occupation contracts. Simply compare the definition of total disability which is shown in a quote, and you will see the difference. If a sickness or injury prevents you from performing the material and substantial duties of your occupation, real own-occ will pay you a total monthly benefit, even if you are able to work in some other capacity.

Insurance of Fire:
Most homeowners have fire insurance, but few truly understand what it is and how it works. There are two accurate definition which will tell us how it works. Generally, insurance policies are broken down into four areas. One is the insuring agreement. The second are the definitions. The third would be exclusions, and the fourth would be conditions. Every fire policy – almost every fire policy – has four areas of coverage. A shed, something you would commonly find next to a house in some places. Personal property is pretty straightforward. It’s all your “stuff”. As we pass by these different coverages, it’s important to note that policyholders should take a moment with their video camera and just stand outside the house and shoot the whole outside of the house and then walk through the house and just identify all of their personal property.
The second one area would be the dwelling. The second area would be other structures like a detached garage, gazebo, guest house, etc. The third area is personal property – the property that the insured would have in the home when the fire took place. The fourth would be what they call loss of use or additional living expenses and that coverage helps to pay for the insured to move out and live somewhere else for the period of time it takes to repair the structure before they can move back.

Term automobile Insurance:
Automobile insurance is simply a contract that helps pay for certain types of financial losses or obligations resulting from the use or ownership of an automobile. To obtain this contract (insurance policy), you pay a specified amount of money called a premium. In return for the premium paid, the insurance company agrees to pay certain expenses and legal liabilities depending on the terms of the insurance policy. Having the right insurance coverage may prevent you from suffering a large financial loss in the event of an automobile accident

Insurance of workers recompense:
Workers’ compensation provides income and medical benefits for most workers who are injured or become sick because of their jobs. Death benefits are provided to surviving spouses and dependent children of workers who are killed on the job. Most workers are covered through their state law or through separate laws for federal employees, railroad workers, seafarers, longshoremen and shipyard workers. Especially through its state organizations, fights to protect and improve workers’ compensation laws. This battle brings together workers, union and nonunion, with advocates for people with disabilities to work for better safety and health laws, to prevent work-related injuries and illnesses and to ensure that those who suffer because of their jobs have adequate medical care and income.

Insurance of Business:
Insurance, in law and economics, is a appearance of assay direction primarily victimized to circumvent against the attempt of a force, variable diminution. Insurance is delimited as the just transport of the essay of a experience, from one entity to other, in transfer for defrayment. An underwriter is a visitor mercantilism the shelter; an insured or policyholder is the human or entity buying the insurance insurance. The contract rank is a reckon used to shape the turn to be emotional for a positive become of contract reporting, titled the payment. Peril direction, the use of appraising and controlling venture, has evolved as a discrete .

Insurance against burglary/robbery/theft:
When identity theft or identity fraud happens, suddenly these aren’t just yours anymore. Don’t spend countless hours trying to recover your stolen identity. Save time, money and frustration with identity theft coverage from Nationwide, your identity theft protection company. In short insurance protect you from robbery, burglary or theft.

Insurance of rent:
Renters Insurance  policies are designed to cover you in the event of loss to your personal property and protect you in the event you’re liable for injury or property damage to others in your rented Apartment, Home or Condo.  Now, you can get Renters Insurance quotes  from several insurers with auto insurance colorado.   An estimated 75% of Renters  do not have Renters Insurance coverage.

As far back as 1868, Watson v Muirhead was decided by the highest court in Pennsylvania that when carrying out proper care, there was no liability in tort for carelessness on the part of a conveyance. This is the legal proceeding which gave birth to the issue of title insurance. What transpired was that the plaintiff totally lost his property and claimed that it was due to the carelessness of the conveyance.

The issue of title insurance is seriously directed to the angle of fraud. Remember that in the United States as well as in so many others countries of the world, there are so many forms of scam in the title insurance industry and the manner in which this is increasing is unbelievable. Remember that it is common to steal the identity of another simply because you want to procure a mortgage. Even in the domestic setting, it is known that the identity of a spouse can also be stolen or even that of an attorney. What is usually done is that the law ought to favour an innocent purchaser who pays for property in good faith. But given that title can only be gotten through registration in the United States, the purchaser who buys in good faith may still remain at risk. The legal principle relating to this is complex.

Scams in a Real Estate Acquisition

What most title insurers do is that they set aside the finance to take care of claims which come about as a result of identity theft. This will however be covered in the policy. Keep in mind that with the most up to date means of documenting information of clients in the title insurance industry, it is easy for an outsider to get confidential information relating to the insured. This is sometimes not only emotionally disturbing, but it can also cause a loss of fortune. This will also extend the degree of coverage that a title insurer will be liable to. Remember that indemnity for loss of income while involved in seeing that the problem gets resolved may also come up.

It is therefore evident that the issue of title insurance should be taken seriously by the landlord. Title insurance should not only be centred towards defects on title, but it should also be applicable to cases of scams and identity theft.

If you are about getting title insurance for your property, you must be a prudent buyer. This means that you have a duty of care to make sure that you have familiarised yourself with all the terms and conditions of the title insurance policy. Although it is common for most property owners to get title insurance to take care of defects in title, you should make sure that your policy provides coverage to issues such as scams or theft of identity. It is possible that most of such risks will arise after you have had a valid title to the property. There are so many title insurers who will provide coverage for these. This can be gotten as a separate coverage or it can be included in the same policy for title insurance.

With all the press currently focusing on identity theft it’s a wonder we ever step out of our houses. Did you know that over 40% of identity thefts are “low tech” crimes? That means that someone stole their identity while they were walking down the street (picked their pocket), shopping at the store (grabbed their credit card when they left it behind) or sitting in their houses (going through their mail). Only 11% of identity thefts in 2008 were the result of clever hackers.

So why is it we fearlessly pull out our credit card at the grocery store and flinch when it’s time to enter our social security numbers into a secure quote search engine?

There’s always going to be the chance that you could have your identity stolen when you’re shopping on the web, no matter how small. The good news is that even if the numbers you just saw don’t convince you that shopping for car insurance quotes online might be the smartest thing you’ve done this week, the fact that you can shop for insurance without handing out a smidgen of your personal information should do the trick.

What ho? Buy car insurance online without handing out your social security number for everyone to see? Well, yes-and no. You can’t actually buy car insurance without giving out your social security number or driver’s license number so your insurer can check out your driving record. That’s part of how they determine your car insurance rates, after all! Fortunately, it’s not the only part-and those other parts are definitely working in your favor!

Without your personal info your new car insurance company can’t give you a completely accurate rate, but they can give you a pretty good idea of what you’re looking at. How? Insurance companies use an almost ridiculously complicated algorithm to figure out your car insurance rates that takes into account not only your driving history but also your:

a) Zip code
b) Car Make and Model
c) Job
d) Age
e) Car’s safety features
f) Insurance needs
g) Deductibles

As you can see, in the grand scheme of things your driving history is only a very small piece of a very large puzzle! Without your social security number or driver’s license any car insurance company can put together a reasonable estimate of what your car insurance rates are going to be. With that number in hand you can comparison shop, picking out the best deal before handing over your personal information (preferably by phone or in a face to face meeting with your insurance agent) and going to sleep at night with the satisfaction of knowing that you’re 100% protected from having someone steal your identity online.