Liability Sample Quote: Rating Factors

Liability Sample Quote: Insurance Rate Factors

Discounts Applied to this Liability Sample Quote:

Additional Notes: This person has a complicated driving record but is getting better each year.

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 Impact Your Insurance Premium?

Yes, your driving history can have a significant impact on your insurance premium. Insurance companies assess the risk associated with insuring an individual, and one of the factors they consider is the person’s driving history. If you have a history of accidents, traffic violations, or other driving infractions, insurance companies may consider you to be a higher risk and charge you a higher premium.

Typically, insurance companies review your driving record for the past three to five years, although the specific time period may vary depending on the company and the location. They will look for incidents such as at-fault accidents, speeding tickets, DUI convictions, and other violations. The more negative incidents on your record, the higher the likelihood of your premium being increased.

On the other hand, if you have a clean driving history with no accidents or violations, you may be eligible for lower insurance premiums. Insurance companies view drivers with a clean record as lower risk, and they may offer discounts or more favorable rates based on that.

It’s important to note that each insurance company has its own underwriting guidelines and rating factors, so the impact of your driving history on your premium can vary between insurers. It’s always a good idea to compare quotes from multiple insurance providers to find the best rates based on your individual circumstances.