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The article has been updated successfully but requires approval before it is published.Do insurance companies use my driving record to set their rates?
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How Driving Records Are Used
Yes, insurance companies use your driving record to set their rates and to determine whether to insure you at all. Driving records are one of several factors that are considered by insurance companies when calculating coverages.
Insurance companies evaluate customers in several different ways when setting insurance premiums. Insurance companies review driving records on prospective customers because driving records provide a detailed driving history, including:
- Citations
- Accidents
- Minor and major infractions
- Driving-related convictions.
Naturally, the more infractions contained on your driving record, the greater a risk you are perceived to be by an insurance company, which will likely translate to a higher insurance premium.
Other Factors
Driving records are not the only factor insurance companies use in setting rates, though. Fairly or not, insurance companies today maintain complex risk models that consider your age, marital status, and even credit history among other factors.
Ordering Your Driving Record
If you’ve been declined coverage or just want to know what information on your driving record impacts your rates, you can order your driving record online today. Ordering online is fast and secure.
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