What is a C.L.U.E. auto insurance report?
Let’s talk about the CLUE car insurance report. Every driver has a CLUE report, but very few drivers know about it. And what’s on your CLUE report has a big effect on how much you pay for car insurance.
So we’re going to break this down for you. Here’s what you need to know about CLUE.
First, what is a CLUE report, anyway?
CLUE stands for Comprehensive Loss Underwriting Exchange.
Don’t be intimidated by the long name. CLUE is simply an ongoing record of information that’s pertinent to your car insurance claims history. It includes personal info (like your name, date of birth, and driver’s license number) as well as more detailed information related to your car insurance history, such as information on all the claims you have made as a driver.
CLUE reports are administered and stored by LexisNexis, and insurers report to them any time they’ve got something important to add to your report. (We’ll talk more about that in a minute.)
In short? If you’ve filed a car insurance claim in the last seven years, it’s on your CLUE report.
If you’ve filed a car insurance claim in the last seven years, it’s on your CLUE report.
Okay. What do drivers need to know about CLUE?
1) The CLUE has a big effect on your car insurance rate.
Every car insurer pulls your CLUE report before giving you a quote. That’s because the CLUE is the single best source of information out there on your claims history. Basically, looking at your CLUE report helps insurers figure out how likely you are to be involved in an accident.
If your CLUE shows a squeaky clean claims record, the insurance company will probably quote you a lower rate. On the other hand, if your CLUE shows a few accidents and a claim, you’ll likely get a higher rate. It’s not complicated.
2) The CLUE report contains a bunch of information about you.
For the most part, the CLUE contains pretty obvious stuff— your basic identifying information and a record of any auto claims you’ve been involved in.
It’s important to know, though, that your auto insurer will sometimes report other events regarding a claim (or possible claim). For example, some insurers will report to LexisNexis when they set up a possible claim, pay a claim out, or deny a claim.
Rest assured: Clearcover will only record your claim when you actually file it. And we’re always happy to talk you through the pros and cons of filing a claim first. That way, you can can figure out if filing makes sense for your situation before you make the final decision.
Also, the CLUE report only shows your claims for the last seven years of driving history. So if you were in a minor fender-bender from a few years back, it won't be on your CLUE report forever.
3) You can (and should) check your CLUE report yourself.
CLUE reports are usually accurate. But it’s a smart idea to check your CLUE for any errors, especially since the report has such a big effect on your car insurance rate. A simple data entry problem can cost you a lot of money if it’s not caught.
The good news: you can check your CLUE report once a year—for free.
The good news: you can check your CLUE report once a year—for free. Get your free CLUE report at LexisNexis. If you haven’t checked yours in a while (or ever), we recommend that you get yours now. If you find any errors, you can file a dispute with LexisNexis (get more info on filing a CLUE dispute).
There are a few other times it’s smart to check your CLUE report. It’s a good idea to look at it before shopping for new car insurance quotes, just to make sure everything is accurate. Also, you should check CLUE after you file a car insurance claim to make sure all the information is entered correctly.
So, that’s the CLUE report. We hope we’ve answered all your questions!