With LexisNexis at their disposal, insurance companies have taken to increasing premiums based on the data of their customers. The New York Times shared that an individual known as Mr. Dahl saw his car insurance rise a staggering 21%, being told that his LexisNexis report was partially to blame. “They’re taking information that I didn’t realize was going to be shared and screwing with our insurance,” he said. Another driver from Palm Beach County, Florida, even had seven insurance companies deny him coverage because of his report. He eventually had to go to a private insurance broker and pay double what he had previously.
So, how can you prevent or put a stop to this shady data collection before it rears its ugly head on your insurance bill? Sadly, there’s no surefire way to escape driving data collection, but you can at least have an awareness of it. First and foremost, it’s a good idea to reach out to LexisNexis and collect your consumer disclosure report so you can see what kind of data and how much has already been collected. If your car has an internet connection, it’s wise to look over the privacy policy. As for your phone, it’s best to be mindful of what car manufacturer and insurance provider apps collect and if these companies have worked with the likes of LexisNexis.
Depending on the car you drive, insurance prices can be outrageous. It’s important to be aware of your data, where it’s going, and how it can impact you in this day and age, whether you’re online at home or in the driver’s seat.
