Why Your Driving Record Matters More Than You Think For Auto Insurance Rates

​Your driving record is one of the most important factors that insurance companies consider when setting your auto insurance rates in Indianapolis, IN. While you may think that a few minor infractions won't make a big difference, the truth is that your driving record can have a significant impact on your premiums. Here's why your driving record matters more than you think for auto insurance rates.

1. Risk Assessment
   When you apply for auto insurance, insurance companies assess your risk level as a driver. A poor driving record, such as a history of accidents or traffic violations, indicates that you're a higher risk driver. As a result, insurance companies will charge you higher premiums to account for this added risk.
   
   
2. Severity of Infractions
   Insurance companies also consider the severity of your driving infractions when setting your rates. More serious infractions, such as DUIs or reckless driving, will have a greater impact on your premiums than minor infractions like speeding tickets.
   
   
3. Frequency of Infractions
   Insurance companies also consider the frequency of your driving infractions. If you have a history of multiple traffic violations, insurance companies will view you as a higher risk driver and will charge you higher premiums as a result.
   
   
4. Insurability
   Your driving record can also impact your insurability. If you have a history of serious driving infractions, such as multiple DUIs, insurance companies may view you as too high of a risk and may refuse to provide coverage altogether.
   
   
5. Reputation
   Your driving record can also impact your reputation in the eyes of insurance companies. If you have a history of safe driving and few infractions, insurance companies will view you as a lower risk driver and may offer you lower premiums as a result.

In conclusion, your driving record is a crucial factor that insurance companies consider when setting your auto insurance rates in Indianapolis, IN. Your risk level as a driver, the severity and frequency of your driving infractions, your insurability, and your reputation all play a role in determining your premiums. It's important to drive safely and responsibly to maintain a clean driving record and keep your auto insurance rates as low as possible.

​At McClain Matthews Insurance, we put our clients first by offering them policies that they can afford. Insurance is a necessity nowadays, and we're here to help you. Learn more about our products and services by calling our agency at (317) 298-7500. You can also request a free quote by CLICKING HERE. 

Disclaimer: The information presented in this blog is intended for informational purposes only and should not be considered as professional advice. It is crucial to consult with a qualified insurance agent or professional for personalized advice tailored to your specific circumstances. They can provide expert guidance and help you make informed decisions regarding your insurance needs.​