MyInsuranceInfo review (2022)

Managed by AlliedSolutions, MyInsuranceInfo helps auto loan lenders confirm that you have the proper amount of car insurance coverage. Drivers who need to confirm their coverage will typically receive a letter from MyInsuranceInfo directing them to upload their insurance documentation through MyInsuranceInfo's online portal. If you receive such a letter or email and are unsure of its origins, you can reach out to your lender to confirm that the letter is from a legitimate source.

UPDATED: Jun 17, 2022Fact Checked

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Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Written by Sara Routhier
Director of Outreach Sara Routhier

Cynthia Lanctot is an insurance professional with ten years of industry experience. Cynthia is licensed in several states, and holds an associate in claims law, as well as a bachelor’s degree in English. Cynthia’s experience includes the New England and Northeast states. She currently works as a liability claims professional and an occasional online contributor.

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Reviewed by Cynthia Lanctot
Licensed Agent Cynthia Lanctot

UPDATED: Jun 17, 2022

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our auto insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different auto insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

A Concise Overview

  • MyInsuranceInfo works with auto loan lenders to confirm your insurance coverage
  • You should compare at least three quotes when shopping for an auto loan
  • You can shop online for full coverage auto insurance

Buying a new car is an exciting but expensive endeavor. High car prices lead many drivers to secure a car loan from a bank or credit union, which usually require drivers to have full coverage auto insurance on the vehicles they purchase. To verify that you’ve bought the proper coverage, these institutions may turn to companies like MyInsuranceInfo to get all the necessary documentation.

If you’ve received a letter from MyInsuranceInfo requesting information or are thinking about securing a car loan, keep reading to learn more about MyInsuranceInfo, how to apply for a car loan, and how to find insurance companies that provide full coverage insurance.

While you read this MyInsuranceInfo review, you can start looking for a great insurance policy. Enter your ZIP code to start comparing free quotes right away.

What is MyInsuranceInfo?

MyInsuranceInfo is managed by AlliedSolutions and is an insurance verification service that partners with financial institutions to confirm that an individual has the insurance coverage necessary to qualify for a car loan.

When a lender hires MyInsuranceInfo to determine if you have the proper insurance coverage, you will receive a notice in the mail asking you to upload your insurance information into the MyInsuranceInfo insurance verification specialist system online.

MyInsuranceInfo has an easy access portal that you can use to upload all your necessary documents.

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How long does the insurance verification process take?

While MyInsuranceInfo advertises that submitting your insurance documentation should take less than five minutes of your time, the entire process of verifying your insurance could take two or even three days.

After MyInsuranceInfo has examined your insurance policy, you’ll receive an email notification letting you know that everything is in order or that more information is needed, in which case you would be given instructions to follow or a number to call.

How can drivers get an auto loan?

Just as you would with any other loan type, be sure to shop around. Try to obtain at least three quotes and compare each quote’s annual percentage rate (APR) and repayment terms. Getting a large loan amount may not be worth it if you have to struggle to pay back your loan’s high interest rates.

Once you’ve settled on a quote, you need to prequalify. This is the first official step in the auto loan application process, where you’ll be able to see your potential rates without having a hard check run on your credit.

After that, you’ll be required to share information about the car you would like to buy and yourself. Typically, a lender will request the VIN, the registration for the car, the title, and the purchase agreement. You’ll also need to share proof of income, like a W-2, a pay stub, or a 1099 form. You also need to have your driver’s license and proof of residence present.

While you’ll be spoiled for choice when looking for an auto lender, some lenders you may want to consider are:

  • LightStream
  • Bank of America
  • CapitalOne
  • Carvana

After your loan application has been finalized and approved, don’t miss any payments. If you do, your lender could repossess your vehicle.

Where can drivers buy full coverage auto insurance?

Shop online to find insurance companies that offer full coverage auto insurance. If you’re not sure how much you might have to pay for full coverage, you can review this data table, which displays the average rate of insurance in each state:

Average Annual Auto Insurance Rates by State and Coverage Type
StatesAverage Annual Liability Coverage RatesAverage Annual Collision Coverage RatesAverage Annual Comprehensive Coverage RatesAverage Annual Full Coverage Coverage Rates
North Dakota$282.55$252.21$112.74$741.11
South Dakota$289.04$251.30$110.12$1,206.46
North Carolina$357.59$227.44$227.64$737.63
New Hampshire$393.24$365.23$123.18$1,353.96
New Mexico$462.21$358.45$156.66$1,300.09
South Carolina$497.50$200.10$228.59$717.73
West Virginia$501.44$319.10$195.04$1,015.57
District of Columbia$628.09$449.27$230.25$1,307.62
Rhode Island$720.06$247.62$165.38$910.51
New York$784.98$264.58$123$745.17
New Jersey$865.55$267.48$166.89$896.58
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Bear in mind that your rate may be very different from those displayed because rates are calculated using many factors. Some of these factors include your age, the type of car you drive, and your credit score. If you are looking for full coverage insurance at low rates, shop online to find a company that provides not only excellent coverage but discounts like Safe Driver or VIN-etching that can keep your rates at a reasonable level.

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What You Need to Know About MyInsuranceInfo

MyInsuranceInfo is a company that helps auto loan lenders confirm that you have the proper car insurance coverage. If you receive a notice from this company requesting your insurance information, you’ll be able to upload all your documents in just a few minutes through the MyInsuranceInfo online portal.

If you are thinking of applying for a car loan, remember that you’ll need to buy full coverage insurance, which can be more expensive than just liability coverage. Shop online to find an insurance company that provides full coverage at great rates.

You can feel confident to start shopping for a great insurance quote now that you’ve finished this MyInsuranceInfo review. Enter your ZIP code to receive free quotes from insurance companies near you.

Frequently Asked Question About MyInsuranceInfo

You may still have some questions after reading this review on MyInsuranceInfo. Below, you’ll find answers to some common questions that other drivers asked about auto insurance verification.

#1 — How can I confirm that my insurance verification letter is from a legitimate company?

Whenever you receive a letter requesting information about your car loan or insurance for auto insurance verification purposes, call your loan provider if you feel the letter might not originate from a legitimate source. Calling your lender can get you the confirmation you need before sending your personal data out to an unknown entity.

#2 — If I get a car loan, will my bank require me to purchase from a specific insurance company?

While a lender will typically require you to purchase full coverage auto insurance, your lender can’t tell you where you must purchase your insurance coverage. If you need to buy full coverage insurance, you can shop online to find a company that meets your coverage and financial needs.

#3 — How can I save money on my full coverage auto insurance?

You can save money on your auto insurance by maintaining safe driving practices, limiting your number of claims, and making use of all available discounts.

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