Insurance companies use several resources to determine a driver’s premium rate:
Motor Vehicle Record (MVR) – A motor vehicle record details an individual’s complete driving record, including any accidents, license suspensions, license violations, and traffic tickets that the driver received over a period of time. The report will also indicate whether the driver has any convictions for driving while intoxicated – or DWI – on their record.
Comprehensive Loss Underwriting Exchange (CLUE) – This report lists an individual’s insurance claims history over the previous seven years. In addition to motor vehicle accident claims, this report will detail any property claims the individual made over the seven years.
Never hesitate to clarify the factors an insurer will consider when determining your premiums.