Best Cost Car Insurance

Why do auto insurance companies ask for previous declarations pages?

My previous declarations pages shows the amount of premiums I was paying. I'm afraid my my new insurance company will use that information to jack up the price on my next renewal. Can I cross out that information on the copy I send them?

Public Comments

1. In order to apply a discount on your new policy. It helps out a lot trust me. You need to have 6 months of consecutive insurance. They don't base the price of your old policy. God I hate it when people think that way!! I'm trying to get you the lowest possible premium and you think I'm out to jack up the price. Plus if i can't beat your old price I 'm not going to waste my/your time running all the info through all my companies. I sell insurance by the way.
2. Sure you can block out the premiums. They just want to: A) make sure you did have prior insurance, B) See what your prior coverages were to make a comparison. Don't worry about them "jacking up" the rates either. Insurance is state regulated, there is no bartering or price flexibility here. Only coverages change the premium, once all you personal info is put in. Besides, if they want your business wouldn't they want to give you the best price they could?
3. they use this to apply a discount not "jack up" your prices. if they can show 6 months prior insurance to your new company it actually LOWERS your rates. if you don't want them to see the premium you paid prior, black that part out.