Texas Regulators Warn of Auto Insurance Phone Scam

The Texas Department of Insurance is alerting consumers about a phone calling scam being perpetrated by a group claiming to be the Consumer Insurance Association.

The calls offer to lower the recipient’s auto insurance costs and ask about current coverage. It’s a scam, TDI says.

The caller may mention the names of well-known insurance companies, and the phone number may originate from any state. According to TDI, Consumer Insurance Association is not a licensed insurance company or agency in Texas.

“This could be an attempt to get you to reveal personal information for identity theft,” Chris Davis, head of TDI’s Fraud Unit, said in a media release. “It’s always good to be cautious of anyone who calls when you haven’t asked for information.”

TDI recommends consumers getting a call offering to lower their insurance costs to ask for the agent’s Texas insurance license number. Recipients of such calls should not provide personal information such as your address, birth date, Social Security number, or bank account numbers, TDI said.

Source: TDI