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The article has been updated successfully but requires approval before it is published.Last Updated 14th of April, 2010
Do car insurance companies look at my driving record?
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Yes. A few significant factors go into setting insurance rates. Vehicle replacement costs and the costs to repair the vehicle are the first key factors in setting premiums for auto insurance. Liability is the next major factor that is assessed, and it is based on an individual’s driving history and record. Car insurance companies can request driving records from state and federal agencies because they are offering insurance on the vehicle.
As the responsible party, car insurance companies guarantee to cover medical and collision costs; therefore, they have to know what risk they are assuming with a new driver. Drivers with poor driving records will pay higher premiums because statistically it is more likely that a car insurance company will end up paying a claim. With only a few incidents (or none), drivers with good records typically pay less on insurance premiums because car insurance companies deem those drivers a lower risk.
A good strategy when applying for auto insurance is to get a copy of your driving record ahead of time, so you can anticipate if there will be issues when shopping for auto insurance. How many years an insurance company will go back into an individual’s driving history varies by agency, but the more years that you can operate a vehicle without a claim or tickets, the lower your insurance premium will likely be.
As the responsible party, car insurance companies guarantee to cover medical and collision costs; therefore, they have to know what risk they are assuming with a new driver. Drivers with poor driving records will pay higher premiums because statistically it is more likely that a car insurance company will end up paying a claim. With only a few incidents (or none), drivers with good records typically pay less on insurance premiums because car insurance companies deem those drivers a lower risk.
A good strategy when applying for auto insurance is to get a copy of your driving record ahead of time, so you can anticipate if there will be issues when shopping for auto insurance. How many years an insurance company will go back into an individual’s driving history varies by agency, but the more years that you can operate a vehicle without a claim or tickets, the lower your insurance premium will likely be.
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