Liability Sample Quote: Rating Factors

Liability Sample Quote: Insurance Rate Factors

Discounts Applied to this Liability Sample Quote:

Additional Notes: This person’s driving record and credit score was perfect!

Disclaimer: The purpose of this page is to showcase an estimate of what insurance may cost an individual with these products and/or circumstances. This is based on a real liability sample quote.

Does Driving History Affect Your Premium?

Yes, your driving history can affect your car insurance premium. Insurance companies use your driving history as a key factor in determining how much to charge you for car insurance.

If you have a history of accidents, traffic violations, or other driving-related incidents, you may be considered a higher risk driver by insurance companies, which means they will likely charge you a higher premium.

On the other hand, if you have a clean driving record with no accidents or violations, you may be eligible for lower insurance premiums, as you are considered a lower risk driver.

So, it’s important to maintain a good driving record to keep your car insurance premiums as low as possible

Does Credit Score Affect Your Premium?

Yes, your credit score can affect your car insurance premium. Many insurance companies use credit-based insurance scores as a factor in determining your premium.

Studies have shown that individuals with lower credit scores are more likely to file insurance claims, which makes them a higher risk for insurance companies. Therefore, insurance companies may charge individuals with lower credit scores a higher premium to offset the increased risk of having to pay out claims.

However, the use of credit scores in determining car insurance premiums is not allowed in all states, and some insurance companies may place less emphasis on credit scores than others. It’s important to check with your insurance company or state insurance department to see how credit scores are used in your area.