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How Do Commercial Auto Insurance Companies Analyze Your Driving Records?

As a business owner, you rely on your vehicles to help operate your business. Commercial auto insurance is designed to protect you while you’re on the road. As you research commercial car insurance agencies, you’ll find that multiple factors may influence your policy, including your driving history.

Your driving history is important to commercial auto insurance agencies because it impacts your rate. Insurers will charge drivers who have a history of safe driving a different rate compared to drivers who have speeding and parking tickets on their record. Drivers with multiple infractions on their record are considered high-risk drivers who’re more likely to be involved in an accident in the future. The common result of an accident is filing a claim. Insurers will measure the possibility of potential claims arising in the future before deciding to offer you coverage or renew your policy. Looking at your driving record is the only way for insurers to verify your information.

Here’s a look at how this verification is done.

  • Will All Insurance Companies Obtain Your Personal Driving Record?

    Regardless of the commercial car insurance agency you choose, they will likely check your driving record. While waiting for the next steps may be stressful, remember that one minor violation on your record will not permanently label you as a bad driver. Your agent will still help you find a policy that aligns with your needs. You have the option to obtain a copy of the motor vehicle report that insurance companies look at. Your MVR will detail any convictions, traffic tickets, accidents, parking tickets, license restrictions, and license suspensions on your file. Insurers want to ensure that you won’t pose a huge risk to the company.

  • How Do Companies Check Your Records?

    There are multiple ways that an insurer could order your driving record. Some ways cost more money, but the most popular way to obtain driving records is through ordering them from the state. There may be a delay if the records aren’t immediately on hand. The waiting period may complicate things while you’re shopping for commercial vehicle insurance near you. Some insurers can find coverage through contacting risk solutions companies. In some cases, insurers may be charged an administrative fee to access the records quickly.

  • How Your Driving Record May Impact Your Rates?

    If you’re seen as a high-risk driver, you’ll pay more for commercial auto insurance. Practicing safe driving habits will help you obtain a cheap policy. Be sure to get a new quote every few years as negative issues start to drop off your driving record. As the bad driver label starts to shed, your rate will be re-adjusted. Also, keep in mind that you may qualify for several discounts that could lower your rate. Insurance companies are involved in a competitive marketplace. You can take also analyze multiple policies until you find the one that directly aligns with your budget and needs.

  • How Far In The Past Do Insurers Check Driving Records?

    If you have a minor incident on your record, insurers are aware that there is a cut-off limit. Once the cut-off limit expires, insurance companies can no longer cite the violation to label you a high-risk driver. Insurance companies can use any incidents within the past three years to classify risks in most states. However, any serious violations on your driving record may stick for up to five to seven years. Generally, any accidents or tickets on your record will expire after five years.

  • Assessing Your Personal Driving Record?

    You can request a copy of your driving record through your local Department of Motor Vehicles. If your company provides services abroad, any foreign driving will likely not appear on your record. Look over your driving record carefully. If there is an error, request corrections as soon as possible.

  • How Do Insurance Companies Run Requests?

    Insurance companies can pay an affordable price through the local motor vehicle agency to obtain driving records. Risk solutions companies often include access to a driver’s record and any claims they’ve filed in the past. Also, be aware that there is a standard violation code service if you have records in multiple states.

Commercial car insurance adds another layer of protection to your business. If you have a minor incident on your record, you should still be able to find coverage. The insurance experts here at Action Insurance Group will assist you if you have any questions about your policy. Contact us today to get a commercial insurance quote.

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