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Related to medical identity theft, insurance identity theft can cause difficulties in settling payments, potentially higher insurance premiums, and quite possibly trouble in acquiring medical coverage.

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Bank accounts and credit cards are accessed and used illegally. The thief can max out credit cards and take out loans, ruining the victim's credit score and report.

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Someone steals your driver license, they can sell it to someone that looks similar to you. That person gets in trouble or pulled over, so they use your license instead of their own. These can affect current car insurance rates, or any attempt to obtain new car insurance.

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If the “new” owner of the ID commits a crime and is cited or arrested, he or she can make use of the stolen ID to give policemen a fake identity, resulting in a criminal record being created in that person's name. This causes problems with law enforcement or be unable to gain employment.

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Thieves can use your SS to defraud the government and steal off benefits meant for the victim. A thief can make use of this info TO falsify documents (such as getting a passport, for example) or to take out loans and credit cards. NEVER SHARE YOUR SS! BAD VERY BAD!

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Most parents don’t realize that their child’s information and SS number can be used by thieves to defraud the government, create documents, commit crimes, and apply for loans.

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This can be used to commit fraud involving health insurance and medical coverage. Thieves can use this to make claims, but this can lead to incorrect diagnosis and other complications.

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Thieves will use one person's Social Security number and combine it with a different name, address, and phone number. They can then open new accounts, acquire credit cards, cellphones and other goods and services. They will use different victims information to make a new identity.